The coronavirus pandemic has brought a sense of urgency to Europe’s ailing banks to scale up or risk dying.
Around the region’s capitals, banks are exploring mergers after a decade of weak returns. They are drawing plans on how they can face a prolonged era of low interest rates, a gloomy economic outlook and souring loans that are expected to rise as borrowers struggle to keep their jobs and businesses. Mergers are a way to combine balance sheets while taking out a large chunk of costs, including by closing duplicate branches...
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The truth is that Europe has largely adopted the Swedish model, they have moved on.
Now it's gonna be 'too massive to fail'
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