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Bank of New York Sees Europe M&A Chances
BEIJING (TheStreet) -- Bank of New York Mellon(BK) sees greater acquisition opportunities in Europe than in Asia.
Robert Kelly, the bank's chairman and CEO, said financial firms in Europe were harder hit by the global economic crisis than their counterparts in Asia and as a consequence were refocusing their businesses, Reuters reports.
Bank of New York plans to seek merger and acquisition opportunities in Europe, while looking to expand through joint ventures or organically in the Asia-Pacific region, a separate report from Marketwatch says. ...
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