National Bank gets buyer interest in Irish banks
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SYDNEY: National Australia Bank Ltd., the country&#39;s biggest bank, said yesterday it had received several &quot;expressions of interest&quot; in its two Irish banks but no decision has been made to sell the assets.
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SPAIN&#39;S Banco Santander Central Hispano yesterday revealed plans to speed up its Â£8.4bn bid for Abbey in an apparent effort to thwart interest from other possible bidders.
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National Australia Bank, which owns the Clydesdale, has sold its two Irish banks to Denmark&#39;s largest bank for Â£967m in cash, a move will give hope of fresh investment in the Australian group&#39;s beleaguered Scottish operation.
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Commercial banks sought slightly more funds than were available Tuesday in a three-month offer of cash made under a special refinancing arrangement announced last week, the Bank of England said.
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The new owners of Abbey National, Banco Santander Central Hispano, yesterday appointed their own man to head up their Â£9.1bn acquisition and pledged not to close any of Abbey&#39;s 740 branches.
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Stricken British bank Northern Rock said Friday it had sold part of its mortgage book to US investment bank JP Morgan for 2.25 billion pounds (4.39 billion euros, 2.97 billion dollars) in cash.
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China&#39;s banking regulator said it will provide &quot;active consideration and prior approval&quot; for overseas banks wanting to buy stakes in lenders based in the country&#39;s northeast.
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Business & money: UK-based bank confirms Â£9bn from the governments of China and Singapore will help it finance an improved takeover offer for Dutch rival ABN Amro.
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Australia National Bank sold its two units in Ireland to Denmark's largest bank Tuesday in an all-cash deal worth 967 million British pounds ($1.86 billion). Danske Bank said its acquisition of National Irish ...
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Danske Bank A/S, the Nordic region&#39;s second-largest lender, agreed to buy two Irish units from National Australia Bank Ltd. for 967 million pounds ($1.86 billion) to expand outside Scandinavia.
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The sale of National Australia Bank&#39;s Irish businesses reached a surprise conclusion yesterday when Denmark&#39;s Danske Bank clinched a Â£967m takeover.
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Shareholders in Abbey National PLC voted overwhelmingly Thursday to approve the bank&#39;s acquisition by Santander Central Hispano of Spain.
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Embattled bank Northern Rock said on Wednesday it had been approached by several unnamed parties with a view to a possible takeover.
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Discussions are taking place to secure a private sale of Northern Rock, the prime minister confirms.
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SANTANDER Central Hispano, the Spanish bank that last year bought Britain - s Abbey National, yesterday sold its last shares in Royal Bank of Scotland, its partner of 16 years.
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The board of Northern Rock has submitted a revised offer to buy out the troubled British bank, upping the amount of money it is prepared to pump in, it said Friday.
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Northern Rock is to lift the rates on its range of fixed-term mortgages to borrowers with patchy credit histories.