ECB Has Always Favored Cross-Border Bank M&A, Guindos Says

The European Central Bank fully backs mergers across European countries, a top official said when asked about UniCredit SpA’s potential acquisition of Commerzbank AG.

“Regarding banking integration, we have always been in favor of cross-border mergers,” ECB Vice President Luis de Guindos said at a conference on Tuesday in Madrid. “We believe that having truly European banks is essential.”