European banks don’t have a continental market, right? Wrong. Even if they cannot do full-blown mergers, the cross-border consolidation of specific business lines offers a way of gaining some of the economies of scale that US and Chinese banks enjoy.
You must be a trialist or subscriber to view the full article.
Please log in or see below to Subscribe or take a Free Trial Logged in and seeing this message? Your access may have lapsed. Visit 'My account' for information.
FREE 30 DAY ACCESS
Online access to Euromoney.com, including daily coverage of the global financial markets