A merger of unequals?

Article Abstract:

Swiss Bank Corporation (SBC) and Union Bank of Switzerland (UBS) have announced merger plans for 1998, in a deal valued at 14.9 billion pounds sterling. SBC Warburg Dillon Read will take over the investment arm of UBS, re-naming it Warburg Dillon Read (WDR). SBCWDR reported 81.6 billion pounds sterling worth of deals from Jan 1985 to Dec 1996, while UBS reported 11.1 billion pounds sterling from Jan 1985 to Dec 1996. WDR plans to employ a global workforce of 14,000 by the end of 1998, although UBS will make 13,000 people redundant by the year 2002.

Switzerland, Swiss Bank Corp. (Switzerland), Union Bank of Switzerland

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Lloyd's TSB/Abbey awaits the regulators

Article Abstract:

Issues concerning the competition between the Bank of Scotland and Lloyds TSB in bidding for Abbey National are presented. Particular emphasis is given to the financial aspects of the offers and to their market implications.

Bank of Scotland, Abbey National PLC, Lloyds TSB Group PLC

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