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GC Asia
Profitability fears could drive further bank tie-ups
More European banks may see benefits to merging with each other as the coronavirus crisis damages profitability and the European Central Bank appears more positive on tie-ups. However, cross-border M&A is likely to remain difficult to execute.
Following Intesa Sanpaolo’s successful bid to merge with fellow Italian lender UBI Banca, earlier this month Spain’s CaixaBank and Bankia said they were looking into a tie-up.
While these transactions are not the glamorous, international, big bank mergers that many in European finance have been speculating ...Already a subscriber? Login
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