Europe's Broken Banks Need the Urge to Merge
The recent flurry of excitement at the idea that Germany's Deutsche Bank and Commerzbank contemplated a merger reinforces the view that the European finance industry is ripe for consolidation. Banking leaders themselves talk about the need for mergers in an overbanked market, but no one among the bigger banks seems to want to go first. If something doesn't change soon, Europe won't have a banking industry worthy of the name.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Trump Falls on Ceremony. He Should Stop Trying.
- Richard Spencer Has Only Himself to Blame for Hecklers
- Who Has the World's No. 1 Economy? Not the U.S.
- Sorry, President Trump. You're No Chester A. Arthur.
- Russia Is Using Marxist Strategies, and So Is Trump
- A Russian Take on 'The Americans' Scares Moscow Liberals
- As Kirkuk's Governor Is Forced to Flee, Iran Moves In