The odds shorten for ANZ takeover

Article Abstract:

The ANZ Banking Group has not impressed security analysts between 1988 and 1998. It is considered one of the best stock buys in early 1998 because the price is so low that the bank is an excellent takeover target and cost reduction gains will be so large that the stock price will increase over the long term. The bank is attempting to increase domestic market share through growth and acquisitions.

Commercial Banking, Banking industry, Commercial banks, Forecasts and trends, Bank mergers, Cover Story, Australia and New Zealand Banking Group Ltd.

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New name, new focus for finance giant

Article Abstract:

The equities and advisory divisions of Bankers Trust have began trading as BT Alex Brown, and the corporate advisory business has been named BT Wolfensohn. The 1997 merger with Alex Brown & Sons has given it substantial scope in equities. It further strengthened itself in 1998 when it acquired the European business of NatWest.

Deutsche Banc Alex. Brown Inc., Bankers Trust Australia Ltd., BT Wolfensohn

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Professionals swap corporate world for the private domain

Article Abstract:

The financial services industry is beginning to focus on private clients not only to tap an emerging market but for higher margins and creativity. The private client sector is expanding as more people are preparing for retirement at an earlier age, and most are too busy to the planning.

Trust, Fiduciary, and Custody Activities, Individual Trust Services, Trust companies, Private banking, Blake, Chris, Meltzer, Farrel, Bryson, John

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