85% of deposits with five banks, the big five, then, because they want to do big deals, they don't lend to small firms, small firms don't get money. And that means only big cities survive. Yes, everything becomes concentrated. Now Germany, but it's reflected in demographic trends. It's reflected exactly. Wealth allocation. Exactly. (1:27:40–1:27:43)
CLAIM
Asserts that the concentration of banking in large institutions leads to the survival of only big cities.
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