ABN AMRO

Before the acquisition, RBS understood that ABN AMRO would receive approval for its IRB models. But after acquisition ABN AMRO’s progress towards IRB approval raised questions about how RBS, would be able to comply with Basel II at the consolidated level so, ABN AMRO withdraw its application and did not receive approval. ABN AMRO and DNB agreed that ABN AMRO would continue to report capital on the basis of Basel I which included minimum ratio of 9%

However, in April, the Royal Bank of Scotland got in touch with ABN AMRO to propose a deal in which a group of banks including RBS, Fortis and Banco Santander Central Hispano would jointly bid for ABN AMRO and thereafter, break up the different divisions of the company. According to the proposed deal, the RBS would takeover ABN 's Chicago operations, LaSalle, and ABN 's wholesale operations while BS would take the Brazilian operations and Fortis, the Dutch operations

complexity of stakeholder analysis & also the dynamic perspective in stakeholder theory. What is interesting to note is the fact only one shareholder questioned the recklessness of the ambitious strategy to commit €24 billion to acquire RBS, Santander & ABN AMRO. The acquisition plan was supported overwhelmingly and won 95% of the votes. As the sub-prime crisis started to have an impact in America, in order to finance the deal Fortis had to increase its capital substantially. The share issue in Sept 2007

immerman, 1990, Badertscher, 2011, Dechow, 1995, Healy and Wahlen, 1999). Although earnings management is not a new phenomenon, the emerging of the fraud cases such as Enron, Lehman Brothers, and other instances of financial fraud have again put this topic in the spotlight. Emerging concerns over earnings management have led to new disclosure requirements and the implementation of corporate good governance codes such as the Sarabanes Oxly Act (SOX), tabaksblat and other corporate good governance

Growing up in the capital of Pretoria with an army father, Esna Colyn had a loving but tough upbringing. The principles of never giving up, discipline, hard work and perseverance were drummed into her as a child and have enabled her to shine in academia and athletics as a pupil. Unknown to Colyn at the time was that this hard line parenting style was preparing her for an eventful life and the working world. But the world of entrepreneurship and deal-making was foreign to Colyn. In fact, after

2007, ABN AMRO Holding NV was acquired by RFS, a consortium of banks comprising Royal Bank of Scotland (RBS), Fortis Bank NV/SA, and Banco Santander. The acquisition talks were initiated after a shareholder wrote a letter asking the CEO, Rijkman Groenink, and the supervisory board chairman, Arthur Martinez, to actively investigate a merger, acquisition or division of ABN AMRO. The motivation was that the share price did not reflect the true value of the underlying assets. On March 20, 2007, ABN AMRO

Assessment of Santander Consumer Finance’s approach to its international strategy In this report I provide a critical assessment of Santander Consumer Finance’s (SCF) approach to its international strategy. In the first part, I analyse SCF’s external environment by highlighting its history and business model and also by applying Porter’s five forces model. I follow by analysing SCF’s internal environment focusing on its structure and applying the resource based view model. I finish with a critical

[pic] London School of Commerce MBA E BARCLAYS PLC AND ABN AMRO CASE STUDY ASSIGNMENT London UK As one of the world’s leading banks, with 135,000 employees in more than 50 countries, Barclays plays a significant role, from working with governments on major infrastructure projects to bringing banking to customers in emerging markets. Barclays is made up of two major businesses: Global Retail and Commercial Banking (GRCB) and Investment Banking and Investment Management (IBIM). There

Novartis, a large multinational pharmaceutical company, recently diversified by buying Alcon, in a £24.8bn deal. Alcon is a producer of eye care products such as contact lenses. Google has diversified by investing £124m in a wind power business. To what extent is diversification the best strategy to achieve profitable growth? Justify your answer with reference to Novartis, Google and/ or other organisations that you know. (40 marks) Diversification - Practice under which a firm enters an industry

It had entered into the mortgage backed securities scandal, the acquisition of Dutch Bank ABN AMRO, suffered mass losses and had to be bailed out by the British Government which took almost 45 billion British pounds to keep it afloat. RBC is more than 80% taxpayer-owned but this did not help the company to get rid of their legal problems that included a settlement of $500 million settlement regarding ABN AMRO that was charged against violating the US economic sanctions for countries such as Iran and