There is a certain allure to being the pioneer, but is it better to be the first or a late mover?

BaFin, Germany's financial regulator, has ordered Deutsche Bank to take new anti-money laundering steps, BaFin said on Friday, delivering a blow to the country's largest lender as it tries to regain reputation. Deutsche Bank has been attempting to turn a new leaf under the guidance of Chief Executive Officer Christian Sewing by returning profits and its image after a series of misdeeds. BaFin said in a separate emailed statement that it sought to “bring about sustainable impr