Russia crisis spurs banking M&A
Russia’s economic crisis is causing an increase in mergers and acquisitions in the banking sector. |||
Russia’s economic crisis is causing an increase in mergers and acquisitions in the banking sector as a capital squeeze and increase in bad loans leave smaller lenders weak and vulnerable to takeovers.
But buyers tempted to swallow up rivals risk exposing themselves to heavy losses at a time when access to Western capital markets is closed by sanctions over the Ukraine crisis and tight central bank monetary policy means costs are higher.
“The very real danger is that the banking sector may …read more
Source: Independent Online