European Bank consolidation?

European Bank consolidation?

Media reports this year have flagged discussions between UniCredit SpA, the largest Italian lender, and Societe Generale SA, given that UniCredit's top executive has held senior roles at both institutions. In the U.K., reports have speculated about a tie-up between Barclays Plc and Standard Chartered Plc. Deutsche Bank Chairman Paul Achleitner spoke with top shareholders and key government officials about possibly combining with Commerzbank.