Some highlights from Monday’s FTfm.
Top houses to take over in Europe
Mid-sized European asset managers are in ‘feeble’ financial health and will be increasingly squeezed by a handful of dominant houses, according to McKinsey & Co Read more
Why shouldn’t equity and (at least in the short term) Spanish bonds rally?
“If the Spanish state has difficulty in financing itself outside Spain, then the difficulties will be even greater for those in the private sector…”
Circularity. Reinforcing the sovereign-bank loop. However you’d put it – this weekend’s ‘rescue’ deal for Spain’s banks seemed designed to avoid doing this. Or at least to avoid appearing to do so. Read more