BNP Paribas CEO Jean-Laurent Bonnafé: Europe's Regulations Limit Bank Mergers

Bonnafé's comments come at a time when Spain's BBVA launched a hostile takeover bid for domestic peer Sabadell, and French President Emmanuel Macron called for more banking consolidation in Europe, according to the report. However, Bonnafé argued that the economics of such deals rarely make sense, especially for non-domestic players, the report said. BNP Paribas CEO Jean-Laurent Bonnafé reportedly expressed skepticism about the potential for a revival of mergers and acquisitions (M&A) activity in European b ...