Christine Lagarde, President of the ECB, supports cross-border banking mergers to enhance competitiveness against US and Chinese banks. Shares of Commerzbank and UniCredit surged amid merger talks, with UniCredit acquiring a significant stake in Commerzbank. The German government and Commerzbank oppose the merger, while Fitch Ratings views a full takeover positively for UniCredit. Teljes cikk (Euronews.com)