Reported 5 months ago
Societe Generale CEO Slawomir Krupa stated at the 54th WEF annual meeting in Davos that cross-border mergers between European banks are structurally unlikely due to regulatory challenges, including significant capital surcharges tied to the size of banking institutions. This comes after French President Emmanuel Macron called for greater consolidation in the sector, suggesting potential acquisitions of banks like SocGen by larger European counterparts. However, Krupa highlighted obstacles like the absence of a European banking union and restrictions on cross-border liquidity circulation that make such mergers challenging.
Source: YAHOO