Central banker is in the hot seat after remarks

Article Abstract:

Wim Duisenberg, president of the European Central Bank, has been criticized in the European press for his remarks which led markets to conclude that further intervention in currency markets is not likely. The remarks are believed to have hurt the euro which fell to a record low of 83.24 U.S. cents.

European Union, Other General Government Support, Coinage & Currency, Statistical Data Included, Management, Prices and rates, Money, Euro (Currency), European Union. European Central Bank, Duisenberg, Wim

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Japan's banks to submit plans

Article Abstract:

Banks in Japan are being pressured to implement new measures that would reduce costs and increase revenues. Such measures would satisfy regulators who are calling for stronger efforts at reform. Japanese banks must submit such plans to the Financial Services Agency.

Japan, Financial management, Finance, Company financing

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Norway's big banks discuss merger

Article Abstract:

DnB Holding ASA is engaged in talks with Gjensidige NOR over a possible merger of their companies. Both banks are the two-largest in Norway.

Norway, DnB Holdings ASA, Gjensidige NOR ASA

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