Belgium’s banks: Survival of the biggest

Finance minister Maystadt has told Belgium's main banks they will have to merge to survive in post-Emu Europe. But the idea of a "Grande Banque Belge" is beset with difficulties. Some banks think they're strong enough to go it alone and others are restrained by powerful shareholders

Will Belgium clear the final hurdle? Belgium’s leap of faith   

Over the past nine months Belgian bankers have been hounded by the idea of a Belgian super-bank. Those who are tired of constant speculation know exactly who to blame.

Last August Daniel Cardon de Lichtbuer, chief executive of Banque Bruxelles Lambert (BBL), advertised his search for a partner capable of lifting BBL out of the regional Benelux market and into the international banking league. “I would like to leave the bank at the end of 1996 having set in motion an alliance with one of the world’s banking giants,” he said.

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