BT's crossing of the abyss

Article Abstract:

Rob Ferguson, chairman of Bankers Trust of Australia Ltd., was pleased with the eventual outcome of his firm's nine-month merger quest, resulting in the executive support of Bankers Trust's independent financial advisers and a merger with Principal Financial Group. Eighty percent of Bankers Trust's retail clients are managed by independent advisers, and domestic bidders saw the advisory operations as rivals. The combined technology services of Principal and Bankers Trust will allow Bankers Trust to provide better service to independent advisers.

Australia, Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Statistical Data Included, Mergers, acquisitions and divestments, Investment banks, Westpac Banking Corp., WBK, Principal Financial Group, Bankers Trust Australia Ltd., Ferguson, Rob, Deutsche Bank AG (New York, New York)

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AMP, wharves, farms herald change

Article Abstract:

The Australian Mutual Provident Society has undergone a stunning culture change under Chairman Ian Burgess and Managing Director George Trumbull. Under its previous dividend-sharing culture, the insurance company had no incentives to cut costs or to create customer-friendly products. The case of AMP, stevedoring and agriculture all show a need for culture change.

Agriculture, Crop Production, Marine cargo handling, Ports, Agricultural industry, Organizational change, Australian Mutual Provident Society

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Wall Street rises because of stocks like Citigroup

Article Abstract:

Expansion plans at Citigroup, the second most profitable firm in the US, are discussed. Citigroup sees Japan as offering significant acquisition opportunities, and it is also planning to build its investment banking activities in Europe.

Banking industry, Citigroup Inc.

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