Deutsche Bank co-Chief Executive Officer Anshu Jain said he
expects “significant consolidation” in the global banking industry amid new
regulations on capital requirements, Bloomberg reports..
“Only a few strong, large universal banks will remain,”
including Deutsche Bank, Germany’s largest lender, Jain said today at a
conference in Dubai. Since the global financial crisis, the leading global
investment banks have reduced their leverage by 40 percent and increased their
so-called tier 1 capital by 160 percent, according to Jain.
“The number of banks still keen to play the role of being a
global multi-location universal bank has shrunk,” Jain said.....
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