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.
More Quotes from 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
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
One motivation that could be at the back of European minds is the danger of the American banks coming in.
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
Readers Who Like This Quotation Also Like:
Based on Keywords: cross-border, tenuousI made career decisions that came from the part of me who wanted to shun the limelight.
Ed Harris
If it matters, it produces controversy.
Jay Greene
A matter that seems to be very clear in terms of the alternative view, is what do you expect to happen in Africa with regard to immune systems, where people are poor, subject to repeat infections and all of that. Surely you would expect their immune systems to collapse.
Thabo Mbeki