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BNP Paribas on big merger deals

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BNP Paribas CEO Jean-Laurent Bonnafe effectively ruled out a tie-up with struggling German rival Deutsche Bank on Thursday, saying the French lender is not considering any large takeovers or mergers.

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In 1844, 23-year-old Henry Lehman, the son of a cattle merchant, emigrated to the United States from the town of Rimpar, in the German state of Bavaria. He settled in Montgomery, Alabama, where he opened a dry goods store, 'H. Lehman'. In 1847, following the arrival of Emanuel Lehman, the Firm became 'H. Lehman and Bro'. With the arrival of their youngest brother, Mayer Lehman, in 1850, the Firm changed its name again and 'Lehman Brothers' was founded.

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