Home Business Bini Smaghi: “Investment banks and markets, Europe raises the challenge to the US”

Bini Smaghi: “Investment banks and markets, Europe raises the challenge to the US”

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The president of Société Générale: “In the post-pandemic, institutions must identify business models that lead to the recovery of the profitability lost in past years”

by Alessandro Graziani

«S and look at the quarterly results of the major European banks, the recovery in profitability comes largely from corporate & investment banking. I believe that the relaunch of investment banking activities in Europe is essential, especially in a phase of economic recovery in which European companies need advanced financial services. Let’s not let the big American banks do everything ». Lorenzo Bini Smaghi, president of the great French bank Société Générale, …

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