The regulatory overhang you mentioned is probably the biggest headwind for Continental banks like UniCredit that might otherwise be tempted by the market dynamics. Even with the CBI's recent shift to a more reasonable tone, any acquirer would be modeling in a worst case scenrio where political winds shift post-exit and suddenly levies or DTA usability becomes a moving target. The irony is that PTSB screens perfectly as an opportunistic entry point into a concentrated market, but the regulatory gold plating and political uncertainty effectively price out exactly the type of sophisticated buyer who could extract the most value from it.
The regulatory overhang you mentioned is probably the biggest headwind for Continental banks like UniCredit that might otherwise be tempted by the market dynamics. Even with the CBI's recent shift to a more reasonable tone, any acquirer would be modeling in a worst case scenrio where political winds shift post-exit and suddenly levies or DTA usability becomes a moving target. The irony is that PTSB screens perfectly as an opportunistic entry point into a concentrated market, but the regulatory gold plating and political uncertainty effectively price out exactly the type of sophisticated buyer who could extract the most value from it.
Would Revolut consider buying ptsb?