Europe 'Not There Yet' on Bank Consolidation, Says Goldman's Fink

The transcript discusses the ongoing consolidation in the European banking sector, highlighting the need for a European Banking Union and the challenges faced by German banks. It also covers the impact of Italy on the banking union, ECB's policies, and Goldman Sachs' business performance and expansion plans in Germany.

What are the key conditions mentioned for the consolidation of European banks?

What challenges are mentioned regarding the Deutsche Bank and Commerzbank merger?

How does the speaker perceive the German banking market in terms of its size and profitability?

What is the current status of the European Banking Union according to the speaker?

What does the speaker suggest is necessary to tackle banking issues in Europe?