Edited by Brian Caplen
Bank mergers are putting the dampers on the party spirit at the IMF/World Bank meetings. The latest casualty is the Republic National Bank of New York, famous for its lavish receptions at the National Gallery of Art. Aficonados considered the sumptuous Republic do as the highlight of the social calendar at the Washington pow-wow.
But then along came HSBC which gobbled up New York’s third largest bank and didn’t care to leave anything on the table for World Bank gourmets.
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