Mega-merger creates biggest American bank

Article Abstract:

The shares of US banks have risen dramatically following the news that BankAmerica and NationsBank are to merge in a $60 billion stock swap and that Banc One has reached a $29 billion merger agreement with First Chicago NBD. It is expected that UK bank shares will also rise as a result of these deals. NationsBank and BankAmerica will form a company with $45 billion in shareholder equity and a market capitalization of $133 billion. The merger of Banc One and First Chicago NBD will create an operation with 2,000 branches which will be the largest lender to small businesses in the US.

Commercial Banks, Commercial Banking, Banking industry, Mergers, acquisitions and divestments, ONE, BankAmerica Corp., Banc One Corp., BAC, NB, First Chicago NBD Corp., FCN

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DTI failed to police Clowes properly

Article Abstract:

An official report from the board of trade into the swindler Peter Clowes states thtat accountants at Spicer and Oppenheim, now part of Touche Ross, failed to carry out their responsibilities correctly. The report also criticises the department of trade and industry (CTI), which did not act as a competent regulatory authority in the case of Barlow Clowes. Surprise was also expressed that the Bank of England failed to act more thoroughly in this case,

Investigations, Fraud, Barlow Clowes International Ltd.

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Building on an instinct for business: how three engineers launched a high-profile design consultancy from a kitchen

Article Abstract:

Design consultancy Expedition was created by three engineering colleagues from Ove Arup & Partners. It now has 12 employees and a number of high-profile clients. The three founders emphasize that it is vital for a new business to have contacts with potential clients.

Engineering Services, Engineering & Architectural Svcs, Engineering & Architectural Services, Management, Construction industry, Design services, Expedition

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