Standard Chartered bids to buy Grindlays for $1.6 billion

Article Abstract:

Standard Chartered Bank of Britain has made an offer to acquire Australia & New Zealand Banking Group Ltd.'s Grindlays Bank. Standard Chartered is offering to buy the bank for US$1.6 billlion (1.68 billion).

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Abbey abruptly drops bid for Bank of Scotland (Abbey National PLC)

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British bank Abbey National PLC, has withdrawn its merger offer with Bank of Scotland. Abbey National PLC, is itself target of a takeover by Lloyds TSB Group PLC.

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Spain's Santander, Abbey National of U.K. poised for $15 billion deal

Article Abstract:

Banco Santander Central Hispano S.A.'s bid to acquire Abbey National PLC has been approved , in principle. The new combined entity will be worth $15.56 million and will provide Santander with 16 million U.K customer accounts.

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