Economics

European Banking’s Moment of Merger Truth

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Like the 2008-09 financial crisis, which left European Banks saddled with excess capacity, diminished profitability, and tarnished reputations, the COVID-19 pandemic is forcing another sweeping change in the industry. This time, however, the industry's biggest problem is not "too big to fail," but rather "too slow to adapt."
Bibliographic citation: VIVES, X. (2020). European Banking’s Moment of Merger Truth. Project Syndicate.
Date: 01/12/2020
Author(s): Xavier Vives
Document type: Opinion
Department: Economics
Sector:
Languages: English