Barclays may win by losing ABN as Royal Bank pays a high price

Article Abstract:

The authors believe that British bank Barclays PLC will be better off if it fails in its bid to acquire Dutch bank ABN AMRO Holding N.V., as the offer by the consortium led by Royal Bank of Scotland PLC is estimated to be almost 25 times the earnings for 2007, at $99.67 bil. With RBS overpaying, Barclays wins for playing conservatively, especially during the current credit market crisis.

United Kingdom, Economic aspects, International aspects, Column, Influence, Royal Bank of Scotland PLC, Barclays PLC, Subprime loans

---

Fortis's sale of stake frees funds for its ABN Amro bid

Article Abstract:

Belgian-Dutch financial firm Fortis N.V. will sell its 50% share in Spain's CaiFor to its joint venture partner La Caixa for $1.35 bil. Fortis also announced a reduction in its proposed rights issue for acquisition of ABN Amro Holding N.V. from 15 bil euro to 13 bil euro.

Spain, Fortis N.V., Caja de Pensiones Para La Vejez y de Ahorres

---

Art of the deal at Italian banks: lenders' mergers accumulate historic paintings, sculptures; can treasures be leveraged?

Article Abstract:

With the current trend in mergers for Italian banks, the banks' fine art collections are also being merged. The banks are trying to find creative ways of dealing with these collections, with some creating art museums.

Italy, Collections and collecting, Private art collections

Similar abstracts:

• Abstracts: Italy credit downgrade may undermine Euro zone. European Central Bank raises key rate. Euro zone may take break on rates: after next expected rise, ECB could follow the Fed and stay at 'neutral' level
• Abstracts: Starbucks maintains sales stride. Starbucks Corp. At Starbucks, coffee comes with new decor
• Abstracts: Credit Agricole net rises 12 percent. New business lifts Royal Bank of Scotland net 15%. Credit Agricole takes safe route by leaving the acquisition trail
• Abstracts: Grupa Pekao roars ahead 22% in Polish bank's trading debut. EADS and BAE Systems approve launch of Airbus's A350 plane
• Abstracts: Pitfalls may lurk for Intesa-Sanpaolo if past bank deals are any indication. part 2 Sanpaola wins stake in bank of Alexandria

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.