“The cost of banking today is such is that if you want to enter a new business or a new geography through a large acquisition, you must deliver extremely high synergies and dedicated resources and time, leaving behind your own strategy and business model”
Jean Laurent Bonnafé, CEO at BNP Paribas, outlines the risks inherent in large acquisitions
“It was a difficult question, but we decided to keep quiet. We had select client calls, and where we felt that we needed to have a bilateral discussion, the management board was very engaged”
“While the leading global investment banks appear to dominate market share, paradoxically the competition has never been tougher”
“We are reaching an inflexion point.
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