EU banks must be bigger, have deeper capital market, to compete with US, say top EU officials By Reuters
• Senior European officials stated on September 18 that EU banks must increase their scale and develop deeper capital markets to compete with U.S. rivals. • EU finance ministers and central bank governors met in Dublin to review a European Commission report recommending the removal of cross-border banking barriers. • The proposal calls for less political interference in bank mergers to help European firms strengthen their position in the global economy.
investing.com