HVB aims to neutralize merger foes

Article Abstract:

Unicredito Italiano S.p.A. of Italy is finalizing the acquisition of HVB Group of Germany for approximately $19.58 billion. The Italian banking giant is planning to keep Key German executives including appointing Dieter Rampl of HVB Group as Chairman while Alessandro Profumo of Unicredito Italiano S.p.A. will be Chief Executive Officer. The European cross-border acquisition is awaiting shareholder approval and regulatory clearance.

United States, Commercial Banks, Europe, Acquisitions & mergers, Personnel administration, Italy, Banking industry, Industry Overview, Human resource management, Germany, Mergers, acquisitions and divestments, Company acquisition/merger, Company personnel management, Unicredito Italiano S.p.A., HVB Group

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Behind U.K.'s shift on bank bailouts

Article Abstract:

The Bank of England's financial assistance to British mortgage bank Northern Rock PLC indicates the seriousness with which central banks and government policymakers are regarding current credit market problems. The Bank of England has guaranteed all of Northern Rock's deposits, and has made an unscheduled injection of $8.78 bil. with the aim of preventing bank runs.

Government expenditures, Financial management, Administration of General Economic Programs, Mortgage Bankers, Real Estate Credit, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, Business Aid Programs, United Kingdom, Economic aspects, Finance, International aspects, Prevention, Influence, Mortgage banks, Northern Rock PLC, Company financing, Business assistance, Bank runs, Government finance, United Kingdom. Bank of England, Subprime loans

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