Barclays chief may see payoff from patience: Varley had a vision as he waited his turn; a thing for Ping Pong

Article Abstract:

Barclays PLC chief executive officer John Silvester Varley has persuaded CEO Rijkman Groenink of Netherlands bank ABN AMRO Holding N.V. to consider selling the company to Barclays for approximately $80 b il. This may attract rival bids for either ABN or Barclays itself while the two banks work out purchase details.

Commercial Banks, Strategy & planning, Acquisitions & mergers, United Kingdom, Planning, Netherlands, Mergers, acquisitions and divestments, Company acquisition/merger, Beliefs, opinions and attitudes, Barclays PLC, ABN AMRO Holding N.V., Company business planning, ABN, Varley, John Silvester

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Attention, shoppers: Europe's stores in play

Article Abstract:

Bernard Arnault, Carrefour S.A. of France has resigned in a dispute with the Halleys, the controlling family of the department store. Analysts forecast a buyout, the estimated value of the firm is $49 billion. The retailer is second largest worldwide to Wal-Mart Inc. of the United States.

Department Stores, Management dynamics, Capital funds & cash flow, Management, France, Carrefour S.A., Valuation, Company business management, Arnault, Bernard, Company overview, Financial report

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Shinsei Bank taps future CEO

Article Abstract:

Shinsei Bank Ltd. has named Thierry Porte as a leading executive who will eventually be made chief executive. Porte has worked as a career investment banker for Morgan Stanley.

Japan, Shinsei Bank Ltd.

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