"Smaller and simpler" mantra rings through banking boardrooms

April 24, 2015 12:11 PM

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LONDON, April 24 (Reuters) - Deutsche Bank's expected move to sell much of its retail banking business will see it join a growing list of banks choosing to shrink and simplify to survive.

The benefits of size and reach, for years considered the holy grail of global banking, are now seen as being outweighed by the cost and complexity of running businesses across dozens of countries.

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