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Corporate & Securities Law
: AntitrustProf BlogMarket Power and Merger Simulation in Retail Banking
Full post as published by AntitrustProf Blog on August 05, 2008 (boomark / email).
No change to banking "Four Pillars"
The Treasurer has announced that the Rudd Government will maintain the existing Four Pillars policy for the banking sector. "Accordingly, whatever may be the outcome of the banking merger now under consideration [ie between Westpac and St...
Citigroup Will Acquire Wachovia's Banking Operations with FDIC Assistance
Citigroup and Wachovia reached an agreement-in-principle for Citi to acquire Wachovia's banking operations in An FDIC-assisted transaction. The acquisition will result in a retail bank with 9...
New Banking Codes
The new Business Banking Code and the Banking Code were published at the start of April, together with guidance and a fact sheet giving the key new provisions. The Codes have been given a bit of “press”...
Government to facilitate bank account switching
Following a meeting with the Council of Financial Regulators on 8 February 2008, the Treasurer has announced a package of 4 measures to promote competition in the retail banking market by making it easier for customers to switch accounts between...
New book out! "Retail Banking Services in America: A Passion For Excellence"
Just kidding. Banks don't care. Great lobbyists, we must admit ("we are not worthy..."). Lowest-drawer employees. Peasant customers. You can even generalize about it. Kind of fun...
Citigroup, Wachovia, and Wells Fargo: Round Three
For those who have missed it, Citigroup announced almost two weeks ago an agreement in principle with Wachovia to acquire for $2.1 billion Wachovia?s retail banking operations. Four days later, Wells Fargo jumped the deal, announcing a merger agreement signed by both boards for Wells Fargo to acquire all of Wachovia...
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Merger Agreement Rejected
Finish Line and Genesco reach $175 million settlement in merger dispute.
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