UniCredit's purchase of a stake in Commerzbank has fuelled speculation about further European banking consolidation, after this year's hostile bid for...
- UniCredit's purchase of a stake in Commerzbank has fuelled speculation about further Europe an banking consolidation, after this year's hostile bid for Sabadell by Spain's BBVA's.
Germany is one of the most fragmented, with hundreds of banks alongside the two big listed lenders, Deutsche Bank and Commerzbank, central bank data show. In Spain, where the 69% share of bank assets in the hands of the top five credit institutions is close to the euro zone average, the number of banks has fallen to 10 from 55 before the global financial crisis.Concentration by country is, on average, higher than in the U.S., where the five biggest banks' assets share was 50% in 2021, Federal Reserve Bank of St Louis data shows.
If it succeeds, BBVA's 12.23 billion euro hostile play for Sabadell would rank as one of the largest European banking deals of the past 15 years.Iranian missiles to Russia changes Ukraine debate - LammyUndecided Americans impressed by Harris - but will debate shift their votes?UniCredit's purchase of a stake in Commerzbank has fuelled speculation about further European banking consolidation, after this year's hostile bid for Sabadell by Spain's BBVA's.
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