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By Steve Slater LONDON (Reuters) - Deutsche Bank's plan to jettison much of its German retail bank and withdraw from one in ten countries sees it join a growing list of banks choosing to shrink and simplify to survive. "The underlying economics for banks ... means being all things to all people is too big a burden to sustain," said Bill Michael, head of financial services in Europe at consultancy KPMG. After missing financial targets and racking up a string of regulatory fines and problems, Deutsche Bank said on Monday that it would sell retail arm Postbank, take a knife to its investment bank and exit seven of the 70 countries in which it operates. On Friday HSBC's bosses responded to investor criticism over misconduct scandals and weak profitability by emphasising how far they have shrunk and streamlined the bank in the past four years.