EU Banks Need Greater Scale to Rival US Lenders
Senior European officials state that EU banks require greater scale and deeper capital markets to compete with US rivals. Officials highlight fragmentation and a lack of cross border consolidation as key hurdles for the bloc.
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European lenders need greater scale and deeper capital markets to rival competitors from the United States, senior officials said Friday afternoon. The debate follows a European Commission report urging fewer cross-border barriers. EU banks lag in trading operations despite matching peers in liquidity.
