Deutsche Bank is excluded from the Euro Stoxx 50 index

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Deutsche Bank, Germany's largest bank, is excluded from the Euro Stoxx 50 index, which includes the largest and most liquid euro zone shares, Bloomberg reports. The German bank will be removed from the index for the first time since its inclusion in 1998. The agency notes that years of losses and strategic inaction keep Deutsche Bank out of the elite of European banks. Deutsche Bank has lost a significant part of its market value after a series of scandals and failures in an attempt to meet changing regulatory requirements. The development plan presented by the bank raises doubts among the majority of analysts.

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