Opinion
In recent weeks, the role of the financial conglomerate has drawn renewed attention. Some observers argue that several European banks are seeking to expand into insurance, hoping to qualify as conglomerates and benefit from more favorable capital requirements under the so-called Danish compromise. But does this classification always serve a bank’s interests? The answer hinges on the bank’s business model. For some, the fit is natural; for others, it’s like slipping into shoes that are simply too big: awkward and ill-suited to their needs.
Ana Rubio
