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Japanese camera companies are not the only ones who need to merge
  • Vitaliy_KiselevVitaliy_Kiselev

    UBS Group AG Chief Executive Officer Sergio Ermotti said European banks are too small to compete with their U.S. peers and will need to consolidate in order to ensure survival and growth.

    Despite consolidation over the last decade, too many banks that cannot cover their cost of capital still exist, Ermotti said at a conference in Zurich.

    Surprise. Lot of mergers ahead.

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