London Mining Says Minmetals, Sinosteel in Talks on Sierra Leone Project Nov 5, 2009
The companies hired ABN Amro Holding NV to work on the IPO, he said. London Mining said yesterday in a statement 37. (Bloomberg -- UK)
Deutsche Bank Doesn't Need New Capital to Pay for Purchases, Analyst Says Oct 25, 2009
Deutsche Bank reached a preliminary agreement on Oct. 20 to buy ABN Amro Holding NVs commercial-banking operations in the Netherlands for an undisclosed price. The German lender may also buy about 75 percent of Sal. (Bloomberg -- Germany)
Goodwin's M&A Banker Matthew Greenburgh Shows Adviser Accountability Gap Oct 20, 2009
RBSs purchase of ABN Amro Holding NV led to a 20 billion- pound ($33 billion) bailout by taxpayers, and Lloydss takeover of HBOS Plc contributed to a 17 billion-pound rescue a year ago. RBS Chief Executive Officer and Lloyds Chairman both lost their jobs. (Bloomberg)
Santander Raises $8 Billion in Year's Largest IPO Oct 8, 2009
Then in 2007, the Spanish bank acquired local retail bank Banco Real as part of a consortium deal with Real's previous owner, Dutch bank ABN Amro Holding NV.. As a result, Santander became Brazil's third-largest private bank, with Itau Unibanco as No. 1 and Bradesco as No. 2. (SmartMoney)
Santander $7.4 Billion `Extra Kicker' Brazil Offering May Fetch Top Price Oct 5, 2009
8 billion, and in 2007, it acquired ABN Amro Holding NVs Banco Real unit for 11 billion euros ($16 billion). Santander, based in Santander, Spain, is betting on Brazil as economic expansion and growing wealth push more people into the middle class, increasing demand for banking services, the banks Latin American chief, , said in a July speech. (Bloomberg -- Latin America)
Santander to Raise as Much as $7.2 Billion With Brazil Unit Share Offering Sep 22, 2009
1 billion) for ABN Amro Holding NVs Brazilian unit, Banco Real, in 2007. The companys bet on Brazil is based on expectations for a surge in demand for banking services from an emerging middle class, which grew by 12. (Bloomberg -- Latin America)
* RBS evaluating appetite for rights offering: sources Sep 22, 2009
3 billion in a rights offer in June last year following its purchase of ABN Amro Holding NV by former CEO Fred Goodwin. That acquisition led the bank to report a G24. (Taipei Times, Taiwan -- World Business)
Santander to Raise Up to $7.3 Bln in Brazilian IPO Sep 22, 2009
Then in 2007, the Spanish bank acquired local retail bank Banco Real as part of a consortium deal with Real's previous owner, Dutch bank ABN Amro Holding NV.. As a result, Santander became Brazil's third-largest private bank by assets, behind Itau Unibanco at number one and Bradesco at number two. (SmartMoney)
* HK protest dogs Standard Chartered Sep 12, 2009
RBS is being sued because it now owns the ABN Amro Holding NV Singapore unit that originally sold the products. This unit failed to understand what it was selling, the Minibond Investors Action Group alleged in a statement issued on Thursday by its lawyer, Conrad Campos. (Taipei Times, Taiwan -- Business)
Lehman's suicide connection Sep 11, 2009
" Asia became Lehman's highest growth region in 2007, taking in more than $US3.1 billion in revenue, or 16 per cent of the firm's business. Yu said she went to an export trade show in Hong Kong two years ago and met Chow Chi Chung, a salesman for Amsterdam- based ABN Amro Holding NV. He offered her a better return on her savings if she switched banks, she said. So she did. A month after their meeting, Yu said Chow called her to say he had a new product that could return as much as 20 per cent a... (Sydney Morning Herald -- Business)
Santander's Brazilian Unit Files for IPO of Up to $200 Million in Shares Sep 4, 2009
7 billion) in 2007 to buy ABN Amro Holding NVs Banco Real unit in Brazil, is the third-biggest non-state lender in the country and said last year it was targeting two-thirds growth in profit from the country by 2010. In Brazil, share sales are rebounding as the countrys stock market rallies. (Bloomberg -- Latin America)
ING Subordinated Credit-Default Swaps Surge Most This Year After Downgrade Aug 22, 2009
Default swaps tied to the other lenders subordinated bonds either fell or were little changed today, CMA prices show, with contracts on falling 4 basis points to 339 and ABN Amro Holding NV dropping 4 to 215. The Markit iTraxx Financial subordinated index of credit- default swaps on 25 banks and insurers also fell 10 basis points to 170 today, according to JPMorgan Chase & Co. prices. (Bloomberg -- Europe)
* Business Briefs Aug 11, 2009
Yes, the shares are moving because of the sales, said Steven Tseng (}), an analyst at ABN Amro Holding NV, who has a hold on Compal. We didnt expect the increase to be this big compared with June. (Taipei Times, Taiwan -- Sports)
ANZ Close to Buying Royal Bank of Scotland's Taiwan Assets, Dow Jones Says Jul 31, 2009
Edinburgh-based RBS has commercial banking assets in Taiwan as well as assets through the acquisition of ABN Amro Holding NV.. ANZ shares 2. (Bloomberg -- Australia & New Zealand)
Banco Santander's Brazilian Unit May Sell Minority Stake in Public Offer Jul 22, 2009
6 billion) in 2007 to buy ABN Amro Holding NVs Banco Real unit in Brazil, is targeting two-thirds growth in profit from the country by 2010 as the company aims to become its biggest private lender. A Brazil share sale would boost the capital position of the whole group as Santander is buffeted by recessions in Spain, the U.K. and Mexico, said at Nomura International in Madrid. (Bloomberg -- Latin America)
Bernanke Grilling May Undermine Plan to Give Fed Powers Over Systemic Risk Jun 26, 2009
Goodwin presided over the biggest loss in U.K. corporate history following the acquisition of ABN Amro Holding NV.. Bank of America Chief Executive Officer told the House committee earlier this month that he decided to proceed with the takeover of Merrill after regulators said they might remove management and because his companys future was intertwined with Merrills fate. (Bloomberg -- US)
Decline of West Seen in Scotland Where Mathewson Rues What Goodwin Wrought Jun 20, 2009
Goodwin also pushed through the worlds biggest bank takeover, the 72 billion-euro ($100 billion) purchase of Amsterdam-based ABN Amro Holding NV with partners of Spain and Belgiums Fortis after global money markets froze in 2007. The acquisition saddled RBS with bad debt and depleted its cash reserves. (Bloomberg)
Gold Drops as Gain in the Dollar Reduces Demand for Investment Safe Haven Jun 5, 2009
Gold is driven by dollar sentiment at the moment, , director of commodity derivatives at ABN Amro Holding NV in Sydney, said by phone today. The price is coming off today as the dollar is a little bit stronger. (Bloomberg -- Australia & New Zealand)
Amlin to Buy Fortis Corporate Insurance for $500 Million, Will Sell Shares Jun 3, 2009
8 billion euros for Fortiss Dutch banking and insurance units and its stake in ABN Amro Holding NV.. Amlin declined 5 percent to 322 pence as of 8:09 a.m. in London trading, giving the company a market value of 1. (Bloomberg -- UK)
* Barclays to hire for advisory business May 26, 2009
The firm also has about 30 former ABN Amro Holding NV bankers who will continue to focus on mergers and acquisitions in eastern and central Europe, as well as a team of about 15 in Asia, also primarily from ABN Amro, Parker said. Barclays Capital has advised on European takeovers worth about US$7. (Taipei Times, Taiwan -- Business)
Barclays Capital Plans to Hire 65 Bankers to Expand European M&A Business May 26, 2009
The firm also has about 30 former ABN Amro Holding NV bankers who will continue to focus on mergers and acquisitions in eastern and central Europe, as well as a team of about 15 in Asia, also primarily from ABN Amro, according to Parker. It makes sense to hire more bankers as they need to improve industry coverage, said , chief executive officer of Tokyo-based Executive Search Partners Co. The business requires strong and long-term relationships with top corporate executives. (Bloomberg)
Carry Trade Comeback Means Biggest Gain Since 1999 on Real, Rupiah, Lira Apr 15, 2009
They produced average annual returns of 21 percent in the 1980s with no down years, the best of four commonly used currency strategies, according to ABN Amro Holding NV indexes. Three Down Years. (Bloomberg)
RBS Weighs Job Cuts in U.K., Overseas, Beyond 2,700 Previously Announced Apr 3, 2009
He blamed previous management for the decision to take over Amsterdam- based ABN Amro Holding NV. Goodwin bought the Dutch lenders investment banking assets for 14. 3 billion euros in 2007, making RBS one of the worlds biggest banks. (Bloomberg -- UK)
Making $34 Million at Merrill Means Never Again as Bonuses Meet Subpoenas Mar 10, 2009
Last year, Orcel advised Royal Bank of Scotland Group Plc on its $19 billion acquisition of Dutch Bank ABN Amro Holding NV, which was completed in April. once the second-biggest U.K. bank by market value, is now controlled by the government after reporting the biggest loss in the countrys history. (Bloomberg)
Australian Bond Risk Rises to Record on Bank Loss Concerns, Economic Woes Mar 6, 2009
Economic news overnight was pretty depressing and , so its not a good backdrop for investors who want to take credit risk, said , a director of credit with ABN Amro Holding NV in Sydney. Fear of systemic risk is raising its ugly head again as the bad news from financial sectors in the U.S. and Europe is unrelenting. (Bloomberg -- Australia & New Zealand)
Australia Bond Protection Costs Rise to Record; Banks' Funding Rates Ease Mar 4, 2009
The Markit iTraxx Australia index was quoted 10 basis points higher at 415 basis points as of 9:55 a.m. in Sydney, ABN Amro Holding NV data show. The benchmark is tied to the debt of 25 companies, including and. (Bloomberg -- Australia & New Zealand)
HSBC May Use Rights Offering Proceeds for Acquisitions in Emerging Markets Mar 3, 2009
RBS spent about $140 billion during the past decade on in the U.S., Asia and Europe, buying up part of ABN Amro Holding NV of the Netherlands in 2007; a 5 percent stake in Bank of China Ltd. in 2005; and Cleveland-based Charter One Financial Inc. in 2004. Former CEO s 14. (Bloomberg -- Europe)
Ping An Insurance Says Chairman Ma Didn't Accept Salary in 2008 on Crisis Feb 24, 2009
2 billion euros ($31 billion) into the acquisition of ABN Amro Holding NV assets in 2008 just as the U.S. subprime-mortgage market collapsed. The Chinese insurer voted against a state-organized breakup of Fortis, once Belgiums biggest financial services company, on Feb. 11, saying asset sales driven by the Belgian government severely impaired shareholders interests. (Bloomberg -- Asia)
Futuris Sells Stake in Australian Agricultural for $43.5 Million to IFFCO Feb 23, 2009
The company hired Citigroup Inc., ABN Amro Morgans Ltd. and ABN Amro Holding NV to sell its remaining 20. 6 million shares in the cattle rancher by way of a global stock sale to institutions. (Bloomberg -- Australia & New Zealand)
OZ Minerals Trades Below Bid Price on Concern Australia May Block the Deal Feb 17, 2009
The transaction is likely to go ahead, ABN Amro Holding NV analysts led by Sydney-based said in a report yesterday. Shareholders should accept the offer given the difficult environment for asset sales/debt refinancing, the all cash-consideration, and the healthy premium on the last close. (Bloomberg -- Australia & New Zealand)
RBS Retreat From Global Banking Reveals Threat of Financial Protectionism Feb 12, 2009
Those included ABN Amro Holding NV of the Netherlands in 2007; a 5 percent stake in in 2005; and Cleveland-based Charter One Financial Inc. in 2004. The investment in the Beijing-based Bank was sold last month for $2. (Bloomberg)
Lyondell Banks Caught in Bankruptcy Lose $3.7 Billion From Takeover Loans Feb 10, 2009
Citigroup Inc., UBS AG, and ABN Amro Holding NV agreed to underwrite the $20. 9 billion takeover of Houston-based Lyondell by Basell AF, a Rotterdam company controlled by Ukraine-born billionaire , in the second half of 2007. (Bloomberg)
Asia-Pacific Bond Risk Declines Ahead of U.S. Senate Vote on Stimulus Plan Feb 8, 2009
The Markit iTraxx Asia index of 50 investment-grade borrowers outside Japan fell 7 basis points to 345 at 9:40 a.m. in Singapore while the regions high-yield benchmark was quoted at 1,150 basis points, according to ABN Amro Holding NV.. Nomura Contracts. (Bloomberg -- Australia & New Zealand)
