"Only a few large universal banks will remain," says new Deutsche Bank (DB) co-CEO Anshu Jain,...

|About: Deutsche Bank AG (DB)|By:, SA News Editor

"Only a few large universal banks will remain," says new Deutsche Bank (DB) co-CEO Anshu Jain, expecting significant consolidation as "the price of being global has gone up dramatically." If he's right, 25K job cuts in investment banks announced so far is just a down payment.