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Headline: A rude shock to domestic bliss Source: Euromoney Date: November 2001 Author: Jonathan Brown Within days of the EC unveiling proposed conditions on the merger of SEB and Swedbank, the banks called the marriage off. Had Brussels scuppered a sound deal, or were the fainthearted suitors getting cold feet anyway? The row hinges on the commission’s curious focus on the dominance the new combine would have boasted in its modest domestic market, not the European market as a whole. |
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