Abbey National aims to rescue talks on deal

Article Abstract:

Abbey National PLC senior executives are calling for conference with their Bank of Scotland PLC counterparts as the company attempts to save their planned merger. Differences between the two over how to structure the merger have prevented an agreement.

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Abbey National to reorganize into 8 divisions

Article Abstract:

Abbey National PLC, a mortgage lender, will reorganize into 8 divisions and will form a business-to-business banking unit which will focus on the online marketplace strategy.

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Abbey National spurns Lloyds TSB takeover

Article Abstract:

Abbey National PLC has turned down a takeover bid by Lloyds TSB Group PLC. Abbey meanwhile, is continuing to make progress on its negotiations with Bank of Scotland.

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