Word: kredietbank
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Most participants agreed that reform of the international monetary system had to start with a reduction of the "dollar overhang"−the $80 billion or so held by central and commercial banks, by companies and by individuals outside the U.S. Fernand Collin, chairman of Belgium's Kredietbank, proposed that the U.S. Government sell dollar bonds abroad. By so doing, said Collin, the U.S. would reduce the pool of volatile money and could use the proceeds within...
Giovanni Agnelli, Fiat; Giuseppe Bertola, Brown, Boveri & Co.; Count Rene Paul Boel, Solvay et Cie.; Willard C. Butcher, Chase Manhattan Corp.; Louis Camu, Banque de Bruxelles; Alain Chevalier, Moet-Hennessy; Dr. F. Wilhelm Christians, Deutsche Bank; Fernand Josef Collin, Kredietbank, N.V.; Dr. Paul Dax, Siemens; Sir Eric Drake, British Petroleum; Baron Edouard-Jean Empain, Electrorail; Nils Foss, F.L. Smidth & Co.; Pehr G. Gyllenhammar, Volvo; Alfred H. Heineken, Heineken, N.V.; Belton K. Johnson, King Ranch; Dr. Konrad...
...million in tax revenue has been collected from holding companies so far, and that is insignificant compared to the benefits reaped by Luxembourg's banking community. Local banks often participate in underwriting consortia, manage bond issues and act as paying agents. Says Professor Jean Blondeel, president of Kredietbank Luxembourgeoise, which has trebled its staff since the boom got under way: "We are the Switzerland of the Common Market...
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