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European banks need cost-cutting not cross-border M&A

European banks need cost-cutting not cross-border M&A

In an article published in the Financial Times on 15 November 2020, Jerry del Missier explains why he thinks European banks need to cut costs rather than enter into cross border deals. It is Jerry’s belief that “we require consolidation not across borders or between bloated giants, but domestically to reduce fragmentation and eliminate the subscale […]