Deutsche Bank’s Jain Sees ‘Significant’ Bank Consolidation
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Deutsche Bank AG co-Chief Executive Officer Anshu Jain said he expects “significant consolidation” in the global banking industry amid new regulations on capital requirements.
“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.