Mr. Arnault is the chairman of LVMH Moet Hennessy Louis Vuitton, which bought Phillips, the world's third largest auction house, less than four months ago.
Commerzbank insisted on being valued close to Dresdner Bank, Germany's third largest, despite having less in total assets and a smaller stock market capitalization.
The firm formerly had a joint venture in Japan, which has the world's third largest economy but less than $1.5 billion in startup investments per year, and a fund was an obvious gap.
D1 BUSINESS DAY C1-11 Bailoutinout in China The Chinese government announced a transfer of $45 billion from the nation's soaring foreign exchange reserves to two big state-owned banks, the third largest banking bailout in less than six years.
By contrast, citizens in the world's third largest economy, Germany, paid less than 5%.
But Dell - the world's third largest computer maker - was less bothered by the move.
Panic After a Quake In Les Cayes, Haiti's third largest city, the earthquake was far less destructive than in Port-au-Prince.
His third largest holding, at 5%, is JPMorgan Chase, which is down less than 2%.
Today, California City is the third largest city in California by area but has a population of less than 15,000.
Witness the 20% skid from last summer's high for Con-way (50, CNW), the nation's third-largest less-than-truckload carrier, meaning that it consolidates small shipments.
Commerzbank lowered its profit forecast because a cost-cutting program for the bank, Germany's fourth largest, has been less effective than expected.
