The world's capital: going global; in bid to land ABN, Barclays taps funding from China, Singapore

Article Abstract:

China Development Bank has agreed to invest a minimum of 2.2 bil euro up to 9.8 bil euro for a 3.1% to 8% stake respectively in UK bank Barclays PLC should Barclays prove successful in its bid for Netherlands bank ABN Amro Holding N.V. An 8% stake would make China Development Bank the largest shareholder. The agreement highlights the role of global capital in such deals.

Financial management, Netherlands, Finance, Company investment, Investments, Barclays PLC, ABN AMRO Holding N.V., Company financing, ABN, China. Development Bank

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Lloyds TSB to sell Abbey Life unit

Article Abstract:

The Abbey Life Group PLC division of Lloyds TSB Group PLC will be put up for sale. The unit's policies are currently worth approximately $2 bil. Swiss Reinsurance Co. and Resolution PLC are said to be among the firms interested.

INSURANCE CARRIERS, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Insurance industry, Switzerland, Lloyds TSB Group PLC, Abbey Life Group PLC, Swiss Reinsurance Co., Subsidiaries, divisions and units

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