27 April 2007

A fairy tale of banking

Once upon a time, there was an attractive Dutch bank. This Dutch bank was canoodling with a handsome London bank and they agreed to get married. This upset an Edinburgh bank which was jealous of the London bank. So the Edinburgh bank got together with a Spanish bank and a Belgian bank in order to seduce the Dutch bank away from its projected London lover.

The Edinburgh bank was alleged not to be particularly interested in the Dutch bank for itself; rather the Edinburgh bank had its beady eye on a winsome Chicago bank which happened to be owned by the Dutch bank. But before the Edinburgh bank could make an offer, the Dutch bank went and sold the Chicago bank to a big tough Californian bank. But, nevertheless, the Edinburgh bank, together with its Spanish and Belgian chums, went ahead and made an offer to buy the Dutch bank.

What happens next? Damned if I know, but it seems most unlikely that everyone will live happily ever after.


Update: Here is The Economist's version of the same fairy tale, though I don't think that it is quite as entertaining.

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