PARIBAS, COMMITTED EUROPEAN
No continental European bank has made a bigger commitment to the
new shape London securities markets than Paribas-- except, perhaps, for
Union Bank of Switzerland. Since moving its Eurobond operations to
London in 1984 Paribas has established itself as the only French bank in
the top tier. And by buying leading stock broker Quilter Goodison,
Paribas promises to rank among the leaders in the post-Big Bang equity
market.
As a banque d'affaires with a tradition of securities
business, Paribas has reacted to the changes in London in a more
spritely way than its rivals. Banque Nationale de Paris and Credit
Lyonnais still run their Euromarket operations from Paris (though the
former recently announced it would shift dollar bonds to London by the
end of 1987) and have avoided the London stock market. Societ e
G$aenerale has bought a stake in brokers Strauss Turnbull; Credit
Commercial de France in Laurence Prust,...
