EU Antitrust Head Seeks More Support for Cross-Border Bank Mergers

Teresa Ribera , the European Union ’s antitrust leader, is calling on EU nations to support cross-border bank mergers. She said the move would help complete the single market, Reuters reported Wednesday (June 17). Her comments follow Germany’s rejection of Italian bank UniCredit ’s bid to acquire German lender Commerzbank EU policymakers say cross-border bank mergers can help fund the multitrillion-euro investments required to pay for the EU’s green and ⁠digital transformation, the report said.