Recent moves from Intesa San Paolo and La Caixa are encouraging lenders across Europe to position themselves in the M&A chessboard. Most of the European banks need to cut costs as a decade-long slump of revenue is set to continue. In this new wave of consolidation one thing is clear, if you are not at the table, you are on the menu.
Continue Reading
A Deutsche Bank-Commerzbank deal have been a few years in the making, but after the latest comments from German regulators and politicians, it seems that the deal may be closer. The lenders overlap in retail and corporate banking, but the combined market share isn’t likely to raise any antitrust concerns. Yet, is it the merger of two failing banks the solution to create a good one?
Continue Reading
Banks including Credit Suisse, UBS, Barclays, Credit Agricole, Bank of America and Deutsche Bank may face more than $6 billion in fines if they are found guilty of manipulating forex rates, SSA bonds and European Government Bonds in three different EU antitrust probes. The U.K. also opened a separate probe over anticompetitive practices in the bond market.
Continue Reading