Economics

The promise of bank mergers

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The banking business has fallen on hard times. The combination of persistent low interest rates, increasing regulatory compliance costs, and the rise of new competitors taking advantage of financial technologies (fintech for short) has produced, in Europe in particular, excess capacity and low profitability - and a strong temptation to merge.
Bibliographic citation: Vives, Xavier, "The promise of bank mergers". Financial Express 25/09/2016
Date: 25/09/2016
Author(s): Vives, Xavier
Document type: Opinion
Sector: Commercial and saving banks; Investment banks
Languages: English
Company(ies): Royal Bank of Scotland (RBS), Fortis, Banco Santander, ABN AMRO, European Central Bank (ECB)
Geographic area: United States; United Kingdom