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I view the current underperformance in banks stocks as an important intermediate-term opportunity to acquire valuable long term investments, deutsche Bank's woes are actually a positive for U.S. money center banks that are rapidly gaining share in fixed-income trading and retail and corporate lending.
Deutsche Bank's financial and operating woes as well as those of other equally challenged EU banks and concentration on cost savings instead of business building have and will continue to inure to the benefit of the large U.S. money center banks who stampede towards gains in corporate and retail market share as well as taking share in global fixed-income trading.
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