Lloyd's looks before leaping
Article Abstract:
Lloyds Bank PLC officials will decide at an Apr 24, 1992 board meeting whether to tender a merger offer for its financially-troubled rival Midland Bank PLC. Midland is being actively sought by HSBC Holdings, the holding firm that owns Hongkong and Shanghai Bank.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Hongkong Bank's global gamble
Article Abstract:
The proposed merger of HongKong Bank and Midland Bank would create a bank that is in the position to finance growing trade and investment between Europe and Asia. In order to succeed, the merged banks must use their global reach to create new business.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Merger progress: Hongkong!Midland
Article Abstract:
HSBC Holdings' acquisition of Britain's Midland Bank PLC in mid-1992 for $7.2 billion created a global giant with enormous potential. While the ramifications of the deal are still being sorted out, the expected benefits have not yet materialized.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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