Exasperation over the no action bank
Article Abstract:
National Westminster bank (NatWest) is likely to seek an acquisition following the failure of a plan to merge with Abbey National. The bank needs a deal to boost returns on risk-weighted assets, and cost savings would have arisen from a deal with Abbey National. NatWest has a large investment banking arm which could man that potential partners see it as less attractive. The bank's stock price has not performed well, which has led to criticism of the chairman's pay levels and the role of the chief executive, Derek Wanless.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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UBS
Article Abstract:
UBS has released good results for 1st half 1996 which should help the chief executive, Robert Studer, in his legal battle with Martin Ebner, a rebel shareholder. The bank faces difficult conditions in the Swiss market and loan provisions have increased for Swiss business. Provisions are likely to continue to be high in 2nd half 1996, the bank has warned. The bank's capital markets trading has performed better and this good performance should continue in 2nd half 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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