BNP fakes

At the end of last week the news broke: the French bank BNP could be interested in buying the Dutch ABN. The announcement is not surprising because it is expected. The mergers of European banks is something that the European regulator has been pushing for a long time but that has not happened yet. The logic is simple: the less number of banks, the greater control. However, so far it has not happened. Faced with the economic logic of national mergers, the numbers of the transnationals are not so clear. The cost synergies, which are the most important of the integrations, are less and the income synergies are practically non-existent. Now, experience shows that shopping is the... See more

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