Europe's Banks Feel the Urge to Merge ; No One Is Safe As Abn Triggers a Fresh Round of Consolidation
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Summary
BANKERS do not always agree, but most will concur that the bid battle for ABN Amro is likely to kick off a new round of European mergers.
Some are already under way Italy's Unicredit and Capitalia plan to merge into a Pounds 70bn bank, the second biggest in Europe. Everyone expects more deals. Which of our banks are likely to be targets? Waiting for takeovers requires patience. The last big British deal was Santander's 2004 swoop on the Abbey National.See the full content of this document
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Europe's Banks Feel the Urge to Merge ; No One Is Safe As Abn Triggers a Fresh Round of Consolidation
Since then, building societies have done more merging than their quoted rivals, with Portman swallowing Lambeth and Nationwide swallowing Portman. The drive to size continues.
Since 1997, wh...See the full content of this document
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