Turkish banks withstood the financial market turbulence earlier this year with much greater ease than many observers expected. This suggests that the reforms put in place after the 2001 debacle have gone a long way towards preventing a recurrence.
JPMorgan recently followed up an IPO deal for German retailer Metro’s divestment of its DIY business, Praktiker, with an advisory role in the latter’s acquisition of a privately owned competitor. The team tell Edward Russell-Walling about their successive mandates.
Consolidation of the domestic banking sector has led to Sampo Bank being the only feasible target for takeover in Finland, Nigel Dudley explains.In Helsinki, the main subject of discussion among bankers is the further consolidation of the financial sector and particularly the future of Sampo Bank, the smallest of the three institutions that dominate Finland’s banking business.