On the face of it, Deutsche Bank has taken a tumble. After soundly trouncing Citibank last year, capturing an impressive 12.53% market share, it’s back in second place.
And Citi, having decided that it liked the view from the top much better than the vista from the third floor, wins again, albeit by a less convincing margin. So is Deutsche discouraged by the brevity of its stint at the top? Not according to Hal Herron, head of global foreign exchange at the bank: “we have been in the top two for the last four years and we intend to remain there,” he says.
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