A GROUP OF bankers is plotting to create a new force in the European debt capital markets. Their network of financial institutions employs twice as many people as BNP Paribas and ABN Amro combined. At well over €100 billion, its total equity is on a par with Citigroup’s. It has a €2.5 billion balance sheet. It says it is a top-five European bond underwriter. In Germany, one of the eight countries where the group is represented, it has access to nearly 10 times as many branches as Deutsche Bank.
These are serious resources.
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