RBS chief alters stance on European mergers

Article Abstract:

Concerns over the financial, legal, and cultural complexities of cross border mergers are lessening among European banks as the industry faces fewer options for expansion and the threat of U.S. banks' greater market capitalization. Royal Bank of Scotland chief executive officer Fred Goodwin has said that European mergers are an increasing possibility, and that his company will not be pursuing further acquisitions in the U.S. at this time.

Sales, profits & dividends, Management dynamics, Executive changes & profiles, Spain, Industry Overview, Management, Officials and employees, International aspects, Bank mergers, Abbey National PLC, Company sales and earnings, Company earnings/profit, Royal Bank of Scotland PLC, Company business management, Citigroup Inc., C, Santander Central Hispano S.A., Goodwin, Fred A., STD

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GE deal sets path to Russian market for credit cards

Article Abstract:

GE Consumer Finance seeks to capitalize on Russia's growing consumer credit market, and sees its acquisition of the country's leading Visa-issuer, DeltaBank, as its first step in achieving that goal. DeltaBank, which received its banking license in 1997, is owned by the private-equity firm Delta Capital Management.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Strategy & planning, Russia, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Electrical equipment and supplies industry, Electric equipment industry, General Electric Co., GE, Aims and objectives, Subsidiaries, divisions and units, General Electric Co. GE Money

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