Looking for a Rambo
Article Abstract:
Management buyouts reached a peak in the United Kingdom in May 1998, and the Bank of England was concerned about some of the prices paid. Banks are affected by general concerns about recession, and they may seek to return to traditional insolvency methods in dealing with companies with financial problems, with the rescue culture diminishing in importance, except for specialists which have been successful in rescuing companies in recession. It is unclear how long creditors will support companies in a recession, and rescues depend on specialists with the appropriate skills.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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ABN-Amro: ABN cuts overlaps
Article Abstract:
ABN_Amro is selling MeesPierson to Fortis. MeesPierson was set up in 1993 and has performed patchily since then, possibly due to cultural problems arising from the merger that created ABN-Amro. The sale is seen as a good move by analysts. A number of ABN's businesses overlap with MeesPierson's and some of MeesPierson's business has been transferred in-house, according to brokers. This leaves operations where ABN-Amro is already active or has little interest in being involved.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Top dog on wall Street
Article Abstract:
Salomon Brothers has reported a drop in earnings for 1st qtr 1997 and has been affected by a large drop in revenue from bond trading. Concerns over US interest rates rises have affected the bond market in 1997. Merrill Lynch, meanwhile, has reported a rise in profit of 13% for this period. Salomon could be vulnerable to a takeover bid after these results, while Merrill Lynch has a large enough market capitalization to be a buyer rather than a target.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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