Commerzbank chief executive Klaus-Peter Müller has warned that European banks risk lagging their US rivals in the consolidation stakes unless barriers to cross-border mergers are abolished.

Müller, speaking at a banking conference in Berlin yesterday, told delegates: "All barriers to cross-border mergers have to be removed. Otherwise European banks are in danger of staying behind in terms of consolidation, foremost versus the US market."

Vivek Ahuja

Commerzbank

UniCredit

HSBC

Royal Bank of Scotland

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Commerzbank chief warns on bank mergers

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