Philipp Hildebrand: If Europe Deteriorates Further in Terms of the Regulatory Environment, the U.S. Banks Can Dominate If They Choose To

EXCERPT:

HILDEBRAND: “Well, Europe needs banks, there's no question. Europe needs capital markets. The banks, we have one or two very successful banks in Europe, they're very small compared to the U.S. So the U.S. banks can dominate, if they choose to, or certainly if Europe deteriorates further in terms of the regulatory environment and the competitive landscape.”