Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Bank deal job fears.


SCOTLAND'S leading bank is poised to secure a pounds 35billion takeover deal for Barclay's Bank.

The Royal Bank of Scotland
This article deals with the retail bank. "Royal Bank of Scotland" can also refer to its holding company: Royal Bank of Scotland Group."


The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba
 is claimed to have identified pounds 300million of potential savings from reducing duplication duplication /du·pli·ca·tion/ (doo-pli-ka´shun)
1. the act or process of doubling, or the state of being doubled.

2.
 in the operations of both banks.

But last night banking union BIFU BIFU Banking, Insurance and Finance Union (United Kingdom)  warned that such a takeover could result in "thousands of job losses from hundreds of bank closures".

If the move goes ahead it will be a major coup coup (k) [Fr.,=blow], among Native North Americans of the Plains culture, a war honor, awarded for striking an enemy in such a way that it was considered an extreme act of bravery.  for the Royal, currently the seventh largest bank in the UK, with a market value of pounds 12.6million, compared to third-ranked Barclay's valued at pounds 29million.
COPYRIGHT 1999 MGN LTD
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Author:Ramsay, Heather
Publication:The Mirror (London, England)
Date:Apr 15, 1999
Words:100
Previous Article:Voice of the Mirror: Think of the fans.
Next Article:Proud to be Brits.
Topics:



Related Articles
MONEY; Royal relief on takeover.
A&L IN pounds 200m SECURITY DEAL; GIRO CUTS DENIAL AFTER SECURICOR CONTRACT.
Halifax 'rescue' will create banking giant; in association with RBS.
700 offices 'for axe in merger' Job losses fear as branches review starts.
EDS investing pounds 30m in storage as jobs face axe; in association with RBS The Royal Bank of Scotland.
20,000 jobs go in a week.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles