GLG News by Banking Consultants

Barclays' (NYS:BCS) deal to buy ABN AMRO, conditioned on the sale of ABN's LaSalle Bank in the US, for 46 Billion Pounds (67 Billion Euros, $91 Billion) is on the table. The trio of Royal Bank of Scotland, Banco Santander and Fortis (TOR:FOR.TO) are circling ABN trying to figure out how to scotch this...

Marshall & Ilsley Corp. (NYSE: MI), a $50+ billion regional bank holding company is preparing to sponsor the spinoff of Metavante, its outsourcing subsidiary, to shareholders. Warburg Pincus has agreed to pay M&I $625 million for 25% of Metavante. In addition, Metavante will take on $1.75...

Bank of America and ABN AMRO have agreed on an all-cash deal for LaSalle Bank, a division of ABN AMRO Holding NV. The deal's net cost to B of A will be $16 billion. This deal will catapult B of A from a distant #10 into the #1 market position in Chicagoland, which is the #3 US market. B of A also picks...

This article draws attention to a recent shareholder lawsuit against CheckFree and its management for allegedly disseminating misleading guidance on CKFR's Ecommerce transaction growth forecast between April and July of  2006. This alleged misguidance caused equity analysts to raise their...

This article refers to a potential investigation by the US Dept. of Justice into ABN AMRO's US subsidiary, LaSalle Bank. Previously, ABN AMRO settled an anti-money laundering probe in 2005 and paid a fine of US$80 million. Meanwhile the clock of exclusivity for Barclays (NYS:BCS) negotiations to submit...

  Only comprehensive adjustments in values of major international currencies could gradually reduce the recent distortions in the current accounts of the main industrial nations, their disputes on foreign trade policies as well as the risk of a global recession.This is the warning message sent...

Intuit (NADQ: INTU) announced that it was terminating its acquisition with Electronic Clearing House (NADQ: ECHO) by mutual consent. The original deal cut in December 2006 was priced at $142 million. The primary reason for terminating the deal appears to be over the deal price, due in part to the revelation...

EU finance ministers proposed two sweeping changes to break down national barriers that inhibit cross border banking. Cross border bank takeovers will now have a common legal framework and limited time periods for reviewing mergers and reducing the number of reasons for blocking a proposed deal. On...

The USA Today article covers at some length the myriad of regulatory entities that touch mortgage lending. However, this mish-mash approach to regulation does not cover the causes that have lead to the subprime pains are generating a high number of delinquencies and foreclosures among lower income borrowers....

Fiserv is acquiring NetEconomy, which offers a global solution in a hot point solution space: anti-money laundering, fraud prevention and compliance. This transaction provides an exit strategy for Esprit Capital Partners, which has owned NetEconomy since August 2005.