According To One Of Deutsche Bank's Most Senior Execs, Bank Accounts Could Disappear Within 15 Y


Marcus Schenck, Deutsche's co-head of corporate and investment banking, said that a recent trip to China had opened his eyes to the fact that the retail banking sector is rife for disruption, "There's a thesis that at some stage in 5, 10, 15, 20 years — who knows — accounts will disappear, and be replaced," he said.

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