In a bid to make up for lost time and improve profits, Deutsche Bank plans to double its assets in the' United States to $50 billion by the year 2000 and transform itself from a commercial bank into an investment bank.

Staff will grow over the same period from around 1,500 to 2,500, said John A. Rolls, president and chief executive for North America. The bank also aims to quadruple profits, he added.

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