Dearer by the day: American bank mergers

Article Abstract:

Once-profitable banking firms are finding that mergers can have a negative bottom line impact. North Carolina-based Wachovia Corp reported a $40 million loss in its fourth quarter, due to a charge against earnings caused by its South Carolina National acquisition.

Mergers, acquisitions and divestments, Finance, Bank mergers, Bank holding companies, WB, Wachovia Corporation of North Carolina, South Carolina National Corp., SCNC

---

NatWest and the Bank of England: an apology

Article Abstract:

The Economist is retracting a series of articles that first appeared in 1988 that accused NatWest of wrongdoing in the way it organized a rights issue for the Blue Arrow employment agency. An investigation has completely exonerated all those implicated.

Publishing industry, Investigations, National Westminster Bancorp Inc., The Economist (Periodical)

---

Eastward, look: Citicorp in Asia

Article Abstract:

Consumer banking in Asia is providing great profits for Citicorp, and Asian markets will account for half of the bank's revenues by the year 2000. Profits in Asia were $400 million in 1991, while losses in the US amounted to $894 million.

Foreign operations, Citicorp, CCI

Similar abstracts:

• Abstracts: Open season: Mexican banks. We are gentlemen of Japan
• Abstracts: Family at war. Their choice of hornets' nests: Russia and Georgia. Russia to decide: Georgia
• Abstracts: Arm-wrestling a salmon: Alaska. The second wave: Japanese investment in Asia
• Abstracts: Unhappy ending. Switched off: Venezuela. How not to run an oil company: Petroleos de Venezuela
• Abstracts: Incommodious commodities. Copious commodities. A commodity comeback

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