Reuters One of Deutsche Bank's most senior executives said that bank accounts could be obsolete within 15 years. 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. LONDON — Marcus Schenck, one of the most senior executives at Deutsche Bank, believes that bank accounts as we know them now could disappear in as little as five years. Schenck, who is co-head of corporate and investment banking at the German lender, told Bloomberg's European Capital Markets Forum that a recent trip to China had opened his eyes to the fact that the retail banking sector is ripe for disruption from new technologies.See the rest of the story at Business InsiderNOW WATCH: Henry Blodget: This could be exactly what the start of a major correction looks likeSee Also:A bitcoin trading firm just opened up a lending business — and it's going gangbustersVisa CFO on cryptocurrencies: 'You have a bubble when the guy shining your shoes tells you what stock to buy'Bitcoin recovers after dropping below $8,000SEE ALSO: 5am starts, missing lunch and avoiding Twitter: Here’s how a $135 billion money manager spends his day
Bank Accounts Could Disappear Within 15 Years According To One Of Deutsche Bank's Most Senior Execs
feedback@businessinsider.com (Will Martin), Business Insider
Thu, 03/22/2018 - 12:02am
Topics: reuters deutsche's co-head london schenck german bloomberg's european capital markets forum china business insidernow watch blodget cfo 000see twitter deutsche bank marcus schenck disappear years bank accounts banking opened executives corporate eyes trip investment disruption retail sector fact
BING NEWS:
- Deutsche Bank's topsy-turvy history with Postbank
Deutsche Bank has said it could be on the hook for up to 1.3 billion euros ($1.39 billion) in claims from a long-running lawsuit alleging it underpaid shareholders for its purchase of retail banking ...
05/1/2024 - 10:40 pm | View Link - This Bank Became the First to Fail in the US This Year. Here’s What Borrowers Need to Know
Tiffany Wendeln Connors is a senior editor for CNET Money with ... Over the last two years, a new executive team came aboard amid infighting to return the bank’s focus to its core banking products and ...
05/1/2024 - 1:00 pm | View Link - Deutsche Bank plans to set aside $1.4B over Postbank case
A Cologne court intends, at least partially, to favor Postbank shareholders over claims that Deutsche low-balled them in 2010 takeover offers, Deutsche disclosed Friday.
04/29/2024 - 6:45 am | View Link - Explainer-The trio of problems dogging Deutsche Bank’s Postbank arm
Deutsche Bank has warned a protracted lawsuit claiming it underpaid for Postbank could cost Germany's largest lender up to 1.3 billion euros ($1.39 billion). Deutsche acquired the no-frills Postbank ...
04/28/2024 - 10:13 pm | View Link - Barclays Strengthens M&A Leadership Team with Key Appointments in EMEA
Barclays has announced the appointment of Stephen Pick as Head of M&A for EMEA, Pier Luigi Colizzi as Chairman of M&A for EMEA, and Asim ...
04/22/2024 - 2:37 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more