Matthias Kröner, the maverick 48-year-old head of Fidor Bank, believes that the financial sector is generally slow to respond to changing customer demands. He is in a position to know, having successfully ridden two major waves of innovation.
In the early 1990s, it was relatively expensive for the ordinary German investor to put money into the stock market directly, with stockbrokers competing on quality, not cost. This meant that Germany lacked the equivalent of the American [...]
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