Consolidation: the well trod path
Article Abstract:
European financial institutions are facing significant challenges as they balance domestic restrictions on their growth against the need to boost their market share. In Portugal, Banco Commercial Portuguese has purchased the private family-owned bank Banco Mello and its insurance subsidiary Imperios Seguros. Spain's Banco Santander Central Hispano has continued its cross-border growth with the purchase of Meridional group of Brazil, while in Italy Banco Popolare di Verona is to merge with Banco Popolare di Bergamo. Also in Italy, Unicredito's planned alliance with BBVA will be resolved in Feb 2000.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2000
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Banking: life after Dresdner-Deutsche
Article Abstract:
Issues concerning the consolidation of German banks, and the failure of Dresdner and Deutsche to merge, are discussed. The development of consolidation amongst regional banks, savings banks and co-operative banks is also analysed.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2000
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Hostile to fortune
Article Abstract:
Few investment bankers are prepared to predict when, and if, Europe's cross-border retail banking mergers will take place because of the political resistance to takeovers which involve surrendering control of a major national institution. Currently, banks are scrambling for national supremacy in preparation for full-blown cross-border consolidation.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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