Finance—Public and Private
An Interesting Banking Fusion
THERE are certain points connected with the impending fusion of the Lancashire and Yorkshire Bank with the Bank of Liverpool and Martins which give to the opera- tion an importance and an interest not confined merely to the shareholders of the two banks or even to banking circles. A few years ago banking fusions were an event of almost everyday occurrence, but it is now so long,sinee one was announced that the public had almost begun to think that the day of amalgamations had passed. It is not improbable, however, that even during recent years one or two contemplated eombines may have -been abandoned in consequence of the absence of Treasury consent, and the fact that this particular fusion should have received official approval is one of the circumstances which Make the transaction an interesting one.
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