There is considerable scope for rationalization across the board: though the financial system in the United States has different characteristics from the European one, there are still far fewer branches per inhabitant there (one for every 3,900).
Andreas Dombret: The situation in the German banking sector – challenges in striking a balance between weak profitability and the lowinterest-rate environment Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the press conference to unveil the Deutsche Bundesbank’s Financial Stability Review, Frankfurt am Main, 25 November 2015. * 1.