According to the economic press, Unicredit and Societe Generale have been studying their merger for months, but the political instability in Italy has caused this to be delayed. The combination of the two banks would create the third largest bank in Europe in term of market capitalisation.
F. Barciela / Fran G. Ljubetic | No to reforms. Despite having an unemployment rate of 10%, the French people feel very comfortable in their heavily subsidised State. France continues to atonish most of the world and Europe as its citizens staunchly reject any kind of reform to update working rights and conditions which, where they exist, are hard.
Ana María Llopis, independent director at Societe Generale explains that “the entity’s share price was at 40 euros before the crisis and now it is around 42-44 euros. So some banks have recovered. Then there are others still at low prices for particular reasons, or because they operate in China or Brazil.”
LONDON | By Victor Jimenez | In the sector regulators’ agenda, European banks will indeed need more capital to protect the public purse from the fallouts of the risks that entities take on.