Common Market: Marriage of Money

A pair of Europe's wealthiest banks decided last week that two can live richer than one. Adding a new dimension to the economic collaboration among Common Market countries, the Credit Lyonnais, which is France's second largest bank, and the Commerzbank, which is West Germany's third largest, formed a partnership. They stopped short of a merger, partly because Credit Lyonnais is owned by the French government, but agreed to coordinate both their operations and lending round the world. There will be a virtually unified network of branches serving clients of both banks and...

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