Mustier

Intesa’s UBI deal sounds wake-up call for Italy’s banks (Reuters)

July 31, 2020 | File Under: Banco BPM, Banking, BNP Paribas, Credit Agricole, FIG, Intesa, Italy, Mustier, UBI, Unibanco

“What is not clear is who will be doing the buying. By snapping up the healthiest second-tier lender, Intesa has removed the candidate slated to lead long-awaited deals between the handful of mid-market players which are most at risk from the threats facing the sector.” – by Valentina Za

Europe: Did the banks cry wolf on negative rates? (Euromoney)

February 4, 2020 | File Under: Banks, Credit, ECB, Mustier, Negative Rates, Riskbank, SNB, Sweden, Switzerland

“As the howls of anguish at negative interest rates reach a crescendo, central bankers and prominent economists are still convinced that Europe’s financial sector would be even worse off were base rates above zero.” – by Dominic O’Neill