Waiting for the Merry-go-Round to Start: Banking industry business models look vulnerable and market valuations remain weak. But a wave of takeovers is nowhere in sight, even for Credit Suisse. GlobalBankingAnnualReview mergers takeovers
Slowing economies and geopolitical disruption have played havoc with a large number of finance industry assumptions this year. Those factors have also ended a decade of relative stability.
Despite that, the number of names being dropped as potential Credit Suisse acquirers comes and goes like a merry-go-round, with BNP Paribas and Deutsche Bank being frequently mentioned right now. Others speculate about a Swiss solution involving Julius Baer. Even though it is significantly smaller, some believe a potential reverse takeover could be in the offing, at least that is what Swiss weekend newspaper «Sonntagszeitung» maintained this past weekend.
Capital buffers also look very comfortable, with the sector's Tier 1 ratio worldwide being between 14 and 15 percent - a record high.The strong performance in 2022 is due to higher interest rates. Many central banks have tightened monetary policy and prompted a pivot in interest rates after years of extremely low or even negative rates.
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Waiting for the Merry-go-Round to StartWaiting for the Merry-go-Round to Start: Banking industry business models look vulnerable and market valuations remain weak. But a wave of takeovers is nowhere in sight, even for Credit Suisse. GlobalBankingAnnualReview mergers takeovers
Read more »