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RBS led consortium will make ABM Amro bid mid-July

The consortium group led by Royal Bank of Scotland looking to beat Barclay’s bid for Dutch bank ABN AMRO has revealed it will make its £71bn offer in mid-July.

The consortium, made up of Fortis, RBS and Santander, says it is making good progress on regulatory change of control and anti-trust filings.

The Banks expect to file all the draft documentation relating to the proposed offer by early next week, and expect to issue the offer documents by mid-July 2007.

The offer to ABN AMRO shareholders is expected to commence at this point.


Packager poll predicts interest from brokers

Nearly three-quarters of packagers believe brokers will show more interest in them this year, research from The Mortgage Business reveals. The research, undertaken by Syndicated Research Studies on behalf of TMB in Q2 2007, reports that 73% of re-spondents are confident brokers will want to work with them. This shows a big increase from similar […]

Property transactions up on this time last year

The number of properties changing hands is up 11% in the last three months compared to the same period last year, statistics for Revenue and Customs have shown.Warren Bright, chief executive of property website, says: “This suggests that the housing market is holding up well in the face of rising interest rates. “Brisk levels […]

FSA bigwigs take home big bucks

The Financial Services Authority’s annual report reveals that the number of approved firms dropped by 688 to 28,281 last year. It also shows the regulator’s chairman Callum McCarthy was paid £433,565 last year, while managing director Clive Briault earned £408,029, including a £65,000 performance-related bonus.

Slowly does it

Deutsche Bank approached Bill Dudgeon to launch DB Mortgages in 2005, pitching a low-risk entry to the specialist lending market. From four packagers in 2006 to 370 today, DB has thrived and is set to diversify, he tells Christine Toner

India rate cut – more to come?

Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]


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