Commerzbank chief warns on bank mergers

Commerzbank chief executive Klaus-Peter Müller has warned that European banks risk lagging their US rivals in the consolidation stakes unless barriers to cross-border mergers are abolished.

Müller, speaking at a banking conference in Berlin yesterday, told delegates: "All barriers to cross-border mergers have to be removed. Otherwise European banks are in danger of staying behind in terms of consolidation, foremost versus the US market."

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink