Bank chiefs accused of holding off broker sale

Article Abstract:

Some institutional stockholders are critical of National Westminster Bank's chief executive, Derek Wanless, and chairman, Lord Alexander. They argue that a change in top management is needed, and they are concerned that the two men could oppose the sale of NtWest Markets because the amount that NatWest has wasted on NatWest Markets would then become apparent. Their allocation of capital has been criticised. NatWest has not stated whether it plans to sell NatWest Markets.

Mergers, acquisitions and divestments, National Westminster Bank PLC (London, England), NatWest Markets

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Foreign banks aplenty but few persevere

Article Abstract:

The oldest established foreign bank in Manchester, England, is Societe Generale which has operated in Manchester for 27 years. Societe Generale has moved toward specialising in syndicated deals and acquisition finance for large companies. Many foreign banks have only stayed a short while in Manchester. Fuji Bank is one bank that has stayed, as has Bank Hapaolim. Bank Hapaolim focuses on companies with a minimum turnover of 25 million pounds sterling.

Economic aspects, England, Manchester, England, Foreign banks

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Lehman

Article Abstract:

Lehman faces a difficult economic environment though it has strengths in expense discipline and focuses on activities with high margins.

Lehman Brothers Inc.

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