Big bank mergers may top list of casualties: Business initiatives seen getting short shrift with minority

Article Abstract:

A Liberal minority government is likely to shelve the merger of big banks with a view to sidestep potentially controversial reforms. Amongst transportation, financial services, energy and communications, the auto sector is expected to be the winner as a result of the $300 million financial help provided to Ford Motor Co. of Canada Ltd. and General Motors of Canada Ltd.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis

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Bank bids dead until late 2004

Article Abstract:

The Canadian government has told banks not to make any merger offers for another 15 months at least. The mergers issue will be put aside until after Prime Minister Jean Chretien 's retirement.

Strategy & planning, Acquisitions & mergers, Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Planning, Mergers, acquisitions and divestments, Banks (Finance), Company acquisition/merger, Company business planning

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Politics seen as key in bank merger debate

Article Abstract:

The important role of politics in the fight over Canadian bank mergers is discussed.

Political aspects, Politics

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