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Europe is for profits, not prestige; most American banks have pulled out of the Continent in a kind of reverse D-Day, leaving the two dozen that remain to focus on specific businesses.

OCT 28, 1994 1:00am ET

After beating a wholesale retreat from Europe in the 1980s, U.S. banks are back in the market. Only this time, they are taking a far more focused -- and profitable -- approach to doing business.

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