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Tearing up the rule book

21 March 2005

The conventional wisdom was that banks wouldn t force their way into foreign markets, because to do so would open a can of worms. But the Bank of Italy chief has himself to blame if ABN and BBVA have torn up the rule book. It’s Fazio who may have opened a can of worms. The conventional wisdom was that foreign banks wouldn t force their way into Italy, because to do so would open a can of worms.

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