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...

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