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Author:Echikson, W.
Melcher, R.
Title:How to survive the shakeout in Europe
Journal:Business Week
1996 : OCT 28, VOL. 3483:813, p. 66-67
Index terms:FINANCE
BANKING
USA
Language:eng
Abstract:Europe's banks face perilous times. Their home markets are glutted, and the competition has squeezed lending margins. In global investment banking, they lag far behind Wall Street firms. How can they position themselves to survive the shakeout? Business Week takes a look at the very different strategies devised by two of Europe's biggest players. The chairman of Dutch banking giant ABN Amro Holding, P.J.Kaliff, turns pale at the mere mention of Nick Leeson, the young Barings PLC securities trader who singlehandedly bankrupted his British 400-year-old employer. Kaliff is determined that no such fiasco should happen on his watch.
SCIMA record nr: 155515
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