The head of the European Central Bank’s Single Supervisory Mechanism (SSM), Andrea Enria, expressed his disapproval of the concept of national champions in the banking sector - a concept that underpins the planned merger between Commerzbank and Deutsche Bank.
“I do not particularly like the idea of national champions...of a European champion,” he told the Financial Times. Enria also made clear that any merger will gain approval based on the merits of the business proposition.
Markets are not c...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|