CUTTING big international banks down to size would not solve problems raised by the financial crisis and would create a sector unable to offer services required to support corporate clients, a top banker said yesterday.<br /><br />“Size is not an end in itself and it is not necessarily evil either,” Deutsche Bank chief executive Josef Ackermann told a London conference. “The refragmentation of financial markets is in nobody’s interest... It is unlikely to bring greater stability to our markets,” he said.<br /><br />Multinational firms need to be able to operate on a global scale and only large banks have the resources to service their needs and to finance big deals, Ackermann said. <br /><br />“The idea that we could run a modern, prosperous economy with mid-size savings banks is totally misguided,” he said.<br /><br />His comments were echoed by Antonio Horta-Osorio, the head of Santander’s British operations<br /><br />He said: “It was not just big banks, there were several small and non-complex banks that failed. Small institutions can pose systemic risk.”<br /><br />Ackermann also said detailed “living wills”, where banks plan for their own demise, “will be very theoretical and lead to inefficient structures”.