Reported about 1 month ago
Senior banking executives from the European Union have urged governments to refrain from interfering with bank consolidation efforts, emphasizing the need for a unified financial market to enhance competitiveness. This discussion follows UniCredit's recent move to acquire a stake in Commerzbank amidst concerns from Germany. The executives argue that such decisions should be left to shareholders rather than politicians, who may not fully understand the financial landscape.
Source: YAHOO