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Once again needle retiring German banker (5)

Ross

I believe the answer is:

resew

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'retiring german banker' is the definition.
I know nothing about this answer so I cannot judge whether it can be defined by this definition.

'once again needle' is the wordplay.
'once again' becomes 're' (prefix in verbs).
'needle' becomes 'sew' (I've seen this in another clue).
're'+'sew'='RESEW'

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(Another definition for resew that I've seen is " Stitch again".)

I've seen this clue in The Independent.
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