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Stock impact report

Orcel's Commerzbank Move Brings Focus on Europe's Bank Mergers [BNN Bloomberg (Canada)]

NatWest Group plc American Depositary Shares (NWG) 
Company Research Source: BNN Bloomberg
If he succeeds with the latter, it would mark his biggest takeover as UniCredit SpA chief executive officer and crown his career with the European Union's largest cross-border deal since the financial crisis. The broader question for many bankers is whether it might also unlock other long-mooted deals in a European market that remains highly fragmented, and where many lenders are too small to compete with Wall Street giants and fund Europe's ailing economy. “Banking sector M&A historically has been triggered by momentum from deals being announced,” said Kian Abouhossein, an analyst at JPMorgan Chase & Co. “We would expect more newsflow on European bank M&A going forward.” More than three decades after the establishment of a single market for goods and services in Europe, banking remains one of the areas that has yet to live up to that promise. Executives and policymakers agree cross-border consolidation is needed so that Europe can finance the massive investments needed to comp Show less Read more
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