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| | BW Online | July 9, 2001 | No Way to Run a Bank |
 | | The institution, formed from state-owned Landesbank Berlin, private-sector Berliner Bank, the mortgage lender Berlin Hyp, and four smaller banks, was an experimental merger--the first combination of Germany's public- and private- sector banks. |
 | | The problem was that each bank had overlapping businesses and kept its own corporate structure to avoid running afoul of Germany's arcane banking laws, which require private-sector, public-sector, and mortgage banks to have separate management. |
 | | Only in the past month has Rupf, who has run the bank since 1997, put the finishing touches on a new organization that splits the group into three operating units: retail, international and investment banking, and real estate. |
| www.businessweek.com /magazine/content/01_28/b3740155.htm (1182 words) |
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