The rise of social media has turned the fear of missing out — or FOMO — into a widespread anxiety. Those jitters may now strike parts of Europe’s banking sector with renewed anticipation for a wave of much-needed consolidation. An unsolicited bid by Intesa Sanpaolo SpA for Unione di Banche Italiane SpA triggered hopes of a process that would help ...

There hasn’t been much balance in the overheated debate around the post-Brexit trade settlement between Britain and the European Union (EU). So it was a welcome surprise to see former Morgan Stanley President Colm Kelleher describe Europe’s capital markets as “not fit for purpose” recently. It’s good to see an acknowledgement that maybe the EU doesn’t hold all the cards ...

If you’re a banker sitting somewhat idle at UBS Group AG, you may be feeling vulnerable today. The Swiss giant has picked Ralph Hamers — an outsider credited with making ING Groep NV one of Europe’s most digitally savvy and cost-efficient banks — as its new chief executive officer. That sets a clear strategic direction for UBS. The lender is ...