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Europe Daily Bulletin No. 7879

12 January 2001
Contents Publication in full By article 48 / 49
ECONOMIC INTERPENETRATION / (eu) banking

The Taiwanese commercial bank CHINATRUST COMMERCIAL BANK and the American investment bank GOLDMAN SACHS have concluded an agreement to create the island's foremost asset management firm, specialised in doubtful credits. The joint-venture represents an investment of 10 bn Taiwanese dollars and will be held to the tune of 70% by GOLDMAN SACHS and 30% by CHINATRUST.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION