Folie de grandeur

Article Abstract:

Banque Nationale de Paris (BNP) has made bids for Societe Generale and Paribas in a move that has been mistakenly seen as involving restructuring of the banking system in France. BNP does not plan to close branches or shed jobs. There is speculation that BNP is seeking to make the acquisitions so that it will be too large to be acquired itself. There is a need for consolidation in Europe following monetary union, but there are obstacles to this, such as labor laws which hamper shedding jobs.

Editorial, Western Europe, Banque Nationale de Paris (Paris, France), Paribas S.A.

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On the block

Article Abstract:

The planned privatization of Banespa is examined, and its role in the Brazilian banking industry.

Brazil, Banespa

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Wall Street's old order changes

Article Abstract:

The implications of Chase Manhattan's acquisition of J.P. Morgan are examined in detail.

Chase Manhattan Bank N.A., J.P. Morgan and Company Inc.

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