The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Going Dutch

The news that Barclays is in exclusive “merger” talks with ABN Amro has obviously generated a lot of comment. I’ll leave all the clever-Trevor stuff about whether or not the proposed tie-up makes sense to the well-paid “analists” who know far more about these things than I do, even if, as my regular readers will vouch, I too have an amazing ability to talk out of my nether regions.

It’s clear to me who will have the upper hand if the deal does go ahead even if the fact that the merged entity will be listed in London, headquartered in Amsterdam and regulated by the Dutch central bank ostensibly makes it look even-Stevens.

However, a joke doing the rounds in the market perfectly sums up the true situation. “You know how it’s become a custom in mergers for each bank to keep part of its name,” it goes. “Well Barclays will keep Barclays, and ABN Amro is to keep Bank,” it concludes.

From an FX perspective, what will the new business look like? Last year, Barclays had a 6.61%

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of acces below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£68.33 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree