Wall Street Journal (September 12)
2024/ 09/ 14 by jd in Global News
“Investors and policymakers alike are eager for big-bank mergers in the European Union. U.S. banks, which have the benefit of scale and cheaper funding, rule the roost when it comes to dealmaking even in Europe, with France’s BNP Paribas as the only universal bank that comes close to posing a challenge.” With the possible merger of UniCredit and Commerzbank, “technocrats in Brussels might finally get their wish for bigger European banks. But Wall Street still shouldn’t expect any real competition to emerge from this.”
Tags: Big-bank mergers, BNP Paribas, Commerzbank, Dealmaking, EU, Funding, Investors, Policymakers, Scale, Technocrats, U.S. banks, UniCredit, Wall Street
