Euro vision: The euro may have been a massive hit but it has brought with it a wave of cultural changes which will impact on both the Continental equity market and UK allocation approaches
Article Abstract:
The euro has created the second largest financial market in the world and the economic benefits and effects are already being felt, unleashing competitive forces that encourage industry to reduce costs and restructure. A rising equity culture on the Continent has also been fostered and increased demand for equities will also arise from the newly set up and privately funded pensions. There is a trend towards making investment decisions on a sector basis in Europe, and many believe the top down system is becoming obsolete. The euro is providing both opportunities and challenges for private investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Credit Lyonnais rescue: not fair says SocGen
Article Abstract:
Societe Generale is to complain to the European Commission over government help for Societe Generale. This new complaint relates to emergency help for Credit Lyonnais decided on in Sep 1996, and follows a previous complaint in Mar 1996. SocGen argues that Credit Lyonnais should sell assets such as foreign insurance operations, rather than be subsidized using taxpayers' money. Credit Lyonnais has been affected by a drop in interest rates which have reduced its income and widened a gap between income and obligations.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Bank on it?
Article Abstract:
Private banks are independent institutions offering a wide range of services, although many do not provide the routine banking services offered by retail banks, such as current accounts. A classic example of a private bank is Adam & Co., which provides privately agreed loans, overdrafts and free banking for balances that average 1,000 pounds sterling per quarter. For balances over 2,000 pounds sterling, interest is paid. The bank believes that its main marketing points are responsibility and accountability.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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