Deutsche Bank co-CEO sees more Europe bank consolidation-paper

Newswire

FRANKFURT, Dec 29 (Reuters) - Consolidation of European banks is not yet at an end, and Germany's sector with its many small banks will have to change, the co-chief executive of Deutsche Bank told a German newspaper. "We need pan-European banks. Or else growth countries like China, India, Brazil or Russia will leave us behind," Juergen Fitschen said in an interview published in Boersen-Zeitung on Saturday. He said consolidation would be unavoidable in Germany. ...

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