- ABN AMRO exits all its non-European corporate banking activities
- CaixaBank and Bankia are planning a merger
- HSBC wants to sell its French retail network
The strategy of European banks ever since the Global Financial Crisis has been to focus on profitability1. How do you achieve a higher return on equity? There are two commonly followed options. Either you cut costs, e.g. by merging banks in the same geography and closing down the redundant branches. Or you sell the business, especially when you’re an also-ran outside of your home market.