Japan: breaking up the family
Article Abstract:
A system of cross-shareholdings has been common in Japan, but this could be eroded by a decision from the Long Term Credit Bank. The bank plans to dispose of some holdings and a gradual process of selling off stakes may by encourage among other banks following its lead. Larger companies have better access to the market and have less need to have a bank as a shareholder. Banks can use their money in more profitable ways, so the Long Term Credit Bank's decision is part of a wider trend.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Commerzbank
Article Abstract:
Commerzbank seeks to achieve a 15% return for its capital by 2000. The bank is one of the major three private sector banks in Germany and a large part of its business comes from loans to industrial concerns. The company has seen a rise in profit for most activities in early 1996. Results for 1995 were affected by lower interest margins and a rise in costs though credit provisions also dropped and the tax rate was low. German banks generally are facing a squeeze on margins.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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