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Bloomberg: Two Bank CEOs Walk Into a Bar

At a conference later in the day, Deutsche Bank CEO John Cryan poured more cold water on the excitement: while he sees a need for German banks to consolidate he isn't looking for partners in his local market.He's not the only bank chief to talk about the need for consolidation in the banking industry. It's a point Commerzbank CEO Martin Zielke and UBS's investment-banking chief Andrea Orcel have also made. There's more than a hint of self-interest: it's easy for them to call on peers to do to the hard work of consolidation, leaving themselves to benefit.