One motivation that could be at the back of European minds is the danger of the American banks coming in.
More Quotes from Gerry Rawcliffe:
If a big French bank and a big British tank were talking of a merger, there would be scope for things to go awry if it's not clear who is running it.Gerry Rawcliffe
So far there has been no doubt about who is taking over and who is running the show. It means that execution risk is kept at reasonably low levels.
Gerry Rawcliffe
With earnings so strong for the time being, there is pressure for money to be deployed either in share buybacks or special dividends or to go out and spend it.
Gerry Rawcliffe
The commercial rationale for cross-border mergers (in banking) remains a little tenuous and the evidence is not conclusive that cost and revenue synergies can be achieved.
Gerry Rawcliffe
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Patrick Leahy
While the United States has largely been missing in action from the diplomatic game, the European Union and Iran have been making progress at developing a formula that would lead to the suspension of Iran's nuclear enrichment program and the start of serious negotiations.
Earl Blumenauer
We are afraid to face the hard questions. We are willing to tackle drugs, crime, and public education only if it doesn't cost us any new taxes.
J. Irwin Miller