Goldman's Omahen on European Banks, Banking Union, Consolidation

The transcript discusses a European banking conference attended by major banks, insurance, and fintech companies, including the German Finance Minister. Key takeaways include the challenging banking environment, market consolidation preferences, and the need for a complete Bank Union. The discussion also covers potential mergers in German banking, highlighting the fragmented market and competition from public sector institutions.

What are the potential implications of a merger between Deutsche Bank and Commerzbank?

What factors contribute to the fragmentation of the German banking market?

In what ways do public sector institutions impact the competition faced by private banks in Germany?