The writer is chief executive of UniCredit “Europe is disappearing.” So said Ken Griffin, founder of Citadel Securities, earlier in December. “It’s lethargic compared to the United States,” he added. “Their economy is not growing. Their per capita numbers are horrific.” When America’s top financiers make that kind of assessment about our continent, it is time to wake up and respond. It is now a little over two decades since the EU went through its greatest ever enlargement.
We have heard the calls to drive integration of Europe’s banking system so we can have greater firepower to finance new infrastructure and business growth. Yet we have seen precious little action. I believe in the convergence of our banking system, and with it stronger banks for Europe. That is why UniCredit Group has made an investment in Commerzbank and an offer to buy Banco BPM.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How a single capital market would unlock Europe’s potentialImproving access to capital is crucial to build on the continent’s proven strengths
Source: FT - 🏆 113. / 51 Read more »
Market Dray Market Hosts Late-Night Christmas ShowcaseMarket Dray Indoor Market collaborates with local makers and artisans for a festive evening of shopping and craft workshops from 5:30 pm to 8:30 pm on December 5. The event aims to offer post-work Christmas shopping opportunities and celebrate local talent.
Source: ShropshireStar - 🏆 98. / 51 Read more »
China Dominates Global Auto Market: EVs and Market Share GainsChina has rapidly ascended to become the world leader in car production and exports, particularly in electric vehicles (EVs). The country's market share has surged from 1% to 39% in two decades, fueled by government investment, automation advancements, and a booming domestic market.
Source: OilandEnergy - 🏆 34. / 68 Read more »
Smithfield Meat Market and Billingsgate Fish Market to Close After 800 YearsThe City of London Corporation has decided to end the operations of Smithfield meat market and Billingsgate fish market, both of which have operated for over 800 years. The corporation has opted for financial compensation to traders and a formal end to its interest in relocating the markets.
Source: DailyMailUK - 🏆 7. / 90 Read more »