Schnabel, who has yet to be assigned a specific portfolio on the board by new ECB President Christine Lagarde, said she expected consolidation in the German and European banking sectors, with Germany's state-owned Landesbanken particularly ripe for consolidation.
USchanabel, osazoqokelwa umsebenzi ocacisiwe ebhodini wuMongameli Christine Lagarde we-ECB, uthe ukudidiyela okulindelekile emkhakheni wamabhange ase-Germany nase-Europe, kunokudidiyelwe osekuvuthiwe kwe-Landensbaken yombuso engeyase-Germany.