TIMES of DANZIG
Established 1862. Dedicated to freedom of press since.
Established 1862. Dedicated to freedom of press since.
Danzig markets ready for further expansion, growth, experts say
Danzig, 11.09.2009 - Large Danzig banks are ready to use the extensive networks of the Danzig capital markets to finance further expansion into the rest of the world, experts say. The top banks of the citystate are likely to attract new customers, businesses and to provide necessary capital to start-up firms in emerging markets and guide established companies through the rough economic waters of the time. ``Now we are heading towards a more stable economic system with a new era of business. Cleaner, more efficient and above all, durable growth made possible'', a person familiar with the matter said. The expansion plans encompass most of the world except Oikawa which is deemed `too unstable', as the situation is likely to deteriorate over the years.
Available capital for these ventures will be provided by a pool of bank assets which will be used to set up closed partnerships or strategic joint ventures between banks. Primary markets chosen for this new strategy are Skånskige Statsunionen, Frescania and Levantine States. ``These markets will provide an excellent starting point where we can expand our busines models. Our primary tasks will be providing advice on both sides of the balance sheets.'' Because these plans are still confidential, none of the people we've talked to wish to reveal the names or the firms they work for. Banks and financial service companies mentioned by the anonymous employees are: Banc of Danzig Securities LLC, Mendelsohn's, Standard Chartered Bank, Moffat & Co and WassMolitor & Co.