Europe's banks find bold moves lead to outcry
Article Abstract:
Europe's banking sector are slashing jobs and building resources through cross-border mergers in a play for global markets. Some central bankers and politicians have protectionist and nationalist worries that this could be a death knell for the homegrown banking sectors of European nations. Deutsche Bank AG is in the forefront.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Stage gets set for Italy's banks to consolidate
Article Abstract:
Banca Intesa S.p.A. of Italy is in acquisition talks with Sanpaolo IMI S.p.A. also of Italy. The consolidation would be valued at 50 billion Euros (approximately $65 billion)and create the largest banking interest in Italy. The banking industry in Italy is fragmented and ripe for consolidations.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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