Deals
Diamond’s Atlas Sees Opportunity in Europe’s Smaller Banks
- Bob Diamond says ‘we need to look at opportunity’ in EU banks
- Banks across Europe are ‘close to capitulation’: Diamond
Bob Diamond: Atlas Looking to Invest in European Banks
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Bob Diamond, the ex-Barclays Plc chief executive officer, said his Atlas Merchant Capital LLC private-equity business sees opportunity in smaller European banks as their bigger rivals face ongoing scrutiny from regulators.
Eight years after the financial crisis, banks “are getting close to capitulation,” because of legal and credit provisions, Diamond said in a Bloomberg TV interview at the U.S.-Africa Business Forum in New York on Wednesday. “We need to look at the opportunity at the smaller banks and medium-sized banks,” including Italian lenders, he said.