Bayerische Hypo-und Vereinsbank Begins Trading As Legal Entity

BANKS

MUNICH--Staff at the newly merged Bayerische Hypo-und Vereinsbank (BHV) in Munich began trading together under the same name last Tuesday, September 1, when the merger was formalized.

The merger, which creates the second largest bank in Germany after Deutsche Bank, was originally announced last July (FXW, July 28, 1997).

Dealers from Bayerische Hypotheken-und Weschel-Bank (Hypobank) and Bayerische Vereinsbank (BVB) are currently remaining in their own dealing rooms in Munich. However,

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