Muppets of the universe

23 October 2017 By Christopher Thompson Follow @CGAThompson

Cross-border deals are back on the agenda in Europe, while an activist is agitating to break up Credit Suisse. Investment bank mergers have a terrible track record. But combining Europe’s struggling wholesale lenders is the only way to boost scale and improve returns.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

Subjects

Regions

Context News

UBS Chief Executive Sergio Ermotti said there is room for consolidation in Europe’s banking sector, according to a Reuters report on Sept. 26. He added that political and regulatory authorities would support the process.

John Cryan, chief executive of Deutsche Bank, said European bank consolidation “needs to pick up steam” during a speech at the 22nd Handelsblatt-Jahrestagung on Sept 6.

Credit Suisse chairman Urs Rohner called on regulators to make large cross-border banking mergers in Europe easier, according to a Reuters report on Sept. 5.

Search the Archive

Muppets of the universe

This content is for Subscribers only

Email a friend

Please complete the form below.

Muppets of the universe

This content is for Subscribers only

Existing Users Log In

Email a friend

Please complete the form below.