Planned Merger Of BVB And Hypobank Could Have Future Impact On FX Market

BANKS

The proposed merger of Bayerische Vereinsbank (BVB) and Bayerische Hypotheken-und Wechsel-Bank (Hypobank) will initially have little impact on the international forex market, say market participants interviewed by FX Week; however, the new bank could soon become a major European player.

The two banks will merge their operations by the first half of 1998, creating the second largest bank in Europe behind Deutsche Bank, officials announced last week. The new combined bank will be called Bayeris

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