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Barclays logo could be a no-go for ABN Amro

Barclays’ iconic eagle logo may be ditched due to concerns from ABN Am-ro that the design could be seen to have Nazi connotations.

Barclays is embroiled in an acquisition battle for the Dutch bank and has already agreed to move its head office to Amsterdam if the £96bn deal goes ahead. Despite pre-dating the Third Reich by over 200 years, its 317 year old eagle logo is eerily similar to that of the Nazi party, which adopted its eagle design from Germany’s coat of arms and set it on a swastika.

Last week, concerns were voiced in the national press from sources close to Barclays that the logo might cause off-ence in Holland, which had a large Jewish population and was occupied by the Germans between 1940 and 1945.

A source at Barclays says: “Barclays will look at changing the logo if the deal goes ahead.”

The British bank is being tipped to adopt ABN’s shield logo worldwide, but declined to comment.


Hazel Blears to head up DCLG

Hazel Blears has reportedly replaced Ruth Kelly as communities secretary heading up the Department of Communities and Local Government. Although the government has refused to confirm appointments, the BBC website has reported that Kelly has been moved over to the role of transport secretary while Blears, the MP for Salford, has taken over the government […]

SPPL sales appointment

Lehman Brothers Mortgage Capital has appointed Ed Payne as head of sales at Southern Pacific Personal Loans. Payne was formerly head of corporate accounts at Halifax. He will start work in August and will report to Guy Batchelor, executive director of sales and marketing at Lehmans.

Higher rate cloud has a silver lining

Interest rates are rising throughout the world and will probably hit 6% here by the end of 2007. This is bad news for clients on fixed rates but will eventually help first-time buyers, says Frank Eve

Honours for IFS board members

Two board members of the IFS School of Finance have been awarded honours. Professor David Melville has been knighted for his services to higher and further education while Professor Elaine Kempson has been given a CBE for services to the financial services industry.

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David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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