Two apparently contradictory pieces of news have hit the German financial center over the past week - on the one hand, rumors that Frankfurt Stock Exchange operator Deutsche Börse is planning to take over its London counterpart; on the other, a research piece showing that Finanzplatz Frankfurt is losing ground to London. In what McKinsey called “a private memo“ to Dresdner Bank Chairman Bernd Fahrholz and Deutsche Börse Chairman Werner Seifert, two of its consultants concluded that “Frankfurt's financial community is undergoing erosion.“ The financial market experts point above all to the effects of the German banking crisis, the country's...