Frankfurt, Germany, Sept 30, 2024 (AFP) - EU cross-border banking mergers 'desirable': ECB's Lagarde

NAMPA / AFP

2024-09-30

European Central Bank President Christine Lagarde said Monday that cross-border banking mergers in Europe were "desirable" to boost their competitiveness, as Italy's UniCredit eyes a tie-up with Germany's Commerzbank. "Cross-border mergers (between) banks that can actually compete at the scale, at the depth and at the range with other institutions around the world, including the American banks or the Chinese banks, is in my view desirable," she t......

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