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EU sets date to approve ABN bids

Article Abstract:

A September 19 deadline has been set by the European Union for approval of bids by a consortium headed by the Royal Bank of Scotland PLC for acquiring ABN AMRO Holding N.V. The Royal Bank and its partners, Dutch-Belgian bank Fortis N.V. and Spanish bank Banco Santander Central Hispano SA plan to divide assets of ABN AMRO among themselves. Their bid for the Dutch bank is valued at 70.6 bil euros. A rival offer from U.K.'s Barclays PLC is valued at 65.6 bil euros and was approved by the EU on August 9.

Acquisitions & mergers, International economic relations, United Kingdom, Netherlands, Mergers, acquisitions and divestments, Company acquisition/merger, Spain, Royal Bank of Scotland PLC, Barclays PLC, ABN AMRO Holding N.V., Fortis N.V., Banco Santander Central Hispano S.A., Trade policy, ABN

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European Development Bank weighs a dividend to holders

Article Abstract:

The European Bank for Reconstruction and Development is considering paying a dividend to government shareholders. It would be the first multilateral development bank to do so. The U.S. holds a 10% stake in EBRD; other countries making up the Group of Seven hold stakes of 8.5% each.

Financial management, Securities issued, listed, Securities, Investor relations, European Bank for Reconstruction and Development, Company securities

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EU banking sector sees worst month in six years

Article Abstract:

September 2007 showed a dramatic decrease in activity for the European Union's banking sector, its poorest performing month since September 2001. Bank growth, measured by advisory work income and number of new loans, was slowed primarily due to the global credit crisis.

Production data, Economic aspects, International aspects, Influence, Subprime loans

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