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Thain said he sees cross-border consolidation, but not before there is more consolidation at home.
FORBES: Magazine Article
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Although Renault-Nissan is an example of successful cross-border consolidation, it is a rare one.
ECONOMIST: General Motors: Rick's Place | The
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It is also one of the few European banks that has taken a big step in cross-border consolidation.
ECONOMIST: An unseemly rush to defend a national champion
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" Cross-border Consolidation in the EU Financial Sector" (see also part 2), European Commission Staff Working Document, SEC (2005) 1398.
ECONOMIST: Sources and acknowledgements
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Several other European countries, such as Italy and Spain, are going through their own banking consolidation, and are shunning cross-border mergers, preferring to find economies at home.
ECONOMIST: Yes, but who won?
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Now that national consolidation has largely run its course, brewers have no choice but to attempt trickier cross-border deals.
ECONOMIST: Beer makers