Word: financiers
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"The pressure they've come under from free papers has led dailies to consider similar practices as they seek to react to falling ad revenues and the threat from the Internet," says Jean-Clément Texier, a media expert and founder of the Compagnie financière de communication...
At issue was the future of the second largest bank on Mitterrand's hit list, the dynamic Compagnie Financière de Paris et des Pays-Bas (Paribas), with assets of $52.2 billion in 1980. After his election last May, Mitterrand expected companies and banks targeted for nationalization to...
From his base in Frankfurt, Jürgen Ponto has done even more than Saint-Geours to advance the cause of togetherness in banking. Ponto's Dresdner Bank is Germany's second largest (after Deutsche Bank) with $13 billion in assets. It has joined seven other international banks...
Some of that gap has already been plugged by other combines. In 1964, London's Midland Bank joined the Commercial Bank of Australia, the Standard Bank of London and the Toronto-Dominion Bank to create the Midland and International Banks Ltd. (capital: $56 million). Three months ago, Britain'...
The club was established in 1950 by a onetime Belgian diamond cutter, Gérard Blitz, 54, who got into the business by way of running hotels to rehabilitate concentration-camp victims after the war. Blitz now owns 40% of the club's shares, and Baron Edmond de Rothschild...