LONDON, June 18 (Reuters) – Supporters for more consolidation in the euro zone’s banking sector have been watching Spanish lender BBVA’s (BBVA.MC), opens new tab hostile bid for Sabadell (SABE.MC), opens new tab, alongside comments from some supervisors and lawmakers supporting the idea of more tie-ups.
Regulators are keen for more consolidation – both within and across countries – because they believe fewer, stronger lenders will boost the economy and enable euro area banks to compete more effectively with larger, more profitable rivals in the United States and Asia.
Source: REUTER
