Friday, September 7, 2018

''European banking market may see megamergers soon'' by Michael Maisch

''Big bank mergers were taboo after the financial crisis, but regulators are encouraging them to boost flagging profits. German and Austrian banks could be among the first to consolidate, UBS predicts..''..''UBS said that was particularly true of Deutsche Bank and Commerzbank. The analysts calculated that if the two banks were forced to write down just 2 percent of their assets, they would need to raise capital equal to their entire market cap to replenish their reserves.

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