Impacts of Consolidation in European Banking and Global Economic Trends

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This chapter explores the potential impact of UniCredit's acquisition of Commerzbank on European banking dynamics, emphasizing the likelihood of ongoing consolidation. It also contextualizes this discussion within wider economic issues like US inflation and Argentina's tax amnesty initiative.

The Italian lender UniCredit has amassed a 9 per cent stake in Commerzbank, and US inflation fell to 2.5 per cent in August. Plus, Argentines are declaring hundreds of millions of dollars of previously hidden savings in a tax amnesty and Mexico’s Senate approved a radical plan to have voters elect all its judges.

Mentioned in this podcast:

US inflation falls to 2.5% in August

UniCredit’s push for European bank consolidation looks on target

Javier Milei’s tax amnesty lures Argentines to declare hidden millions

Mexico’s Senate approves radical plan to elect all judges

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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