Quick read: European banks’ retail-shareholder divorce

Long years of losses and scandals, and now new regulation, spell a break-up with European banks’ bedrock of support in their retail investors, who have often been their own clients. Read on for a guide to Dominic O’Neill’s story on their split and the deep implications for Europe’s financial sector.

Dec18Cover 408px1. A tale of two capital raisings: what Italy shows about the future of banks’ investors

The crucial rights issues of two Italian mid-tier banks over the past year show the direction of European banks’ traditional reliance on retail investors. This could be a turning point, as political scandals are making it much harder for even Italian banks to rely on their depositors for capital.

2. Four million Santander shareholders: why retail matters for Europe’s biggest banks

Retail shareholders account for big parts of even the big banks in Europe, particularly in Spain.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access