Word: kleinwort
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...time, a Japanese technology company will control a major position on the Continent, just in time for the integration of the European market in 1992. Though no E.C. official has spoken against the takeover, strong opposition may soon be heard. Says Tim Marrable, who follows the computer industry for Kleinwort Benson in Tokyo: "You can more or less expect France to come out and accuse Britain of bringing another Japanese Trojan horse into Europe." Analysts anticipate a heated debate about whether the Community should revoke ICL's rights to participate in E.C.-sponsored high-tech research projects now that...
...Britain's most prestigious investment banking houses, N.M. Rothschild & Sons and S.G. Warburg & Co., were barred from participating in a $20 million bond issue for Marubeni, a Japanese trading company. In a startling admission, officials of the lead bank in the deal, London's Kleinwort, Benson, Ltd., admitted that they had acceded to pressure from two other participants in the underwriting, the Libyan Arab Foreign Bank and the Kuwait Foreign Trading, Contracting and Investment Co. If Kleinwort had not given in, said its chief, Sir Cyril Kleinwort, the Arabs would have invested their money elsewhere. But other London...