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Europe needs bigger banks to compete with U.S., Chinese rivals Lagarde

Europe needs bigger and stronger banks that can compete with their U.S. and Chinese rivals, European Central Bank President Christine Lagarde said on Monday, just as Italys UniCredit was looking to possibly take over Germanys Commerzbank.

Posted by Hicham ALAOUI RIZQ on 2024, Sep 30

Introduction

Europe needs bigger and stronger banks that can compete with their U.S. and Chinese rivals, European Central Bank President Christine Lagarde said on Monday, just as Italys UniCredit was looking to possibly take over Germanys Commerzbank.

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