Brussels, 14/05/2014 (Agence Europe) - Vice-president of the European Central Bank (ECB) Vítor Constancio says that Banking Union in the eurozone could lead to a new round of bank mergers and acquisitions.
“The new framework may lead down the road to a period of consolidation in a not very concentrated European banking sector. In fact, there is scope for further con consolidation without reinforcing the so-called 'too-big-to-fail' problem. (…) The present weak profitability in the...