"Consolidation one day or the other will be part of the equation in Europe," Ermotti said on a call. "In my point of view, the fact that (Deutsche Bank and Commerzbank) were talking was indicative of the fact that possibility is more than remote...So the consequences (of the cessation of talks) from my point of view is just a delay of an inevitable outcome."

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Stocks treated in this article : Commerzbank AG, UBS Group, Deutsche Bank AG