Economics
European Banking’s Moment of Merger Truth
Like the 2008-09 financial crisis, which left European Banks saddled with excess capacity, diminished profitability, and tarnished reputations, the COVID-19 pandemic is forcing another sweeping change in the industry. This time, however, the industry's biggest problem is not "too big to fail," but rather "too slow to adapt."
Bibliographic citation:
VIVES, X. (2020). European Banking’s Moment of Merger Truth. Project Syndicate.
Date:
01/12/2020
Author(s):
Xavier Vives
Document type:
Opinion
Department:
Economics
Sector:
Languages:
English