Britain’s banks should take part in Macron’s grand restructuring of European financeBritain’s banks should take part in Macron’s grand restructuring of European finance
Combining the expertise and the networks of the two banks might well create a genuine global competitor to the American and Chinese giants.
Any of those deals would present formidable challenges. And yet, 15 years on from the financial crisis, all of the UK banks are in much better financial shape than they have been for a generation or more.
Right now, the British market is stagnant, and offers few opportunities by itself. If they don’t expand into new markets, it will be hard to keep growing; even worse, a mega-bank formed on the Continent will eventually turn its eyes…