European banking is at the boiling point," he continued, "and major players will be created within the next five years.
Profit from European retail banking rose 21 percent, while the group cut costs 11 percent.
Three of the top families in European banking at the time.
The tension between these impulses is particularly vivid in European banking, which has always been a politically sensitive industry.
No-one knows what losses it has made and will make as the whole mess of European banking unravels.
In the 1800s European banking links were further strengthened by agricultural and industrial developments which encouraged international trade.
Over the longer term, the protracted struggle is likely to leave permanent changes in French and even European banking.
The takeover continues a trend of consolidation in European banking, which has mainly occurred within national boundaries.
He is an expert in the issue of late-medieval European banking.
Setting up a European banking or insurance network was virtually impossible because of different regulatory requirements.
