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Were banks able to compete more freely across borders, many consumers might benefit from lower prices.Several reasons are often given for the reluctance of European banks to engage in cross-border liaisons.
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Telecom Italia may have been swept away from Deutsche Telekom's advances by the greater amorous guiles of Olivetti, but other cross-border wooing, such as this week's liaison between Bank of Ireland and Britain's Alliance & Leicester (see article), is still in full swing.
Based in Santa Clara, the location not only has a research and development lab, but will also liaison with American companies as JD.com grows its cross-border retail business.
In 2016, the Israeli army set up a liaison unit to better coordinate with Syrian residents, which now includes facilitating cross-border travel for residents into Israel, regular deliveries of food, clothing, construction equipment and educational materials, airstrikes on pro-government positions and the establishment of an Israeli-backed opposition faction in rebel-held southern Syria.
In an earlier round of talks in Seoul, the two nations reopened border liaison offices that had been closed four years ago because of political tensions and agreed to reconnect a cross-border railway that was cut just before the start of the Korean War.
Cross-border investment ballooned.
The officials also said the liaison office, located at the largely defunct resort of Diamond Mountain in the North, played a limited role in cross-border relations.
Cross-border institutions also reinforce binational ties.
Cross-border problems would go unsolved.
The first is cross-border activity.
Cross-border violence has simmered for weeks.
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