Word: abn
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Dates: during 1990-1999
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...Europe banks and insurance companies have been free to buy each other for a decade. There's even a term for the combination--bancassurance. "It may be a new model for the U.S., but it's not a new model for Europe," Peter Toemin, bank analyst at London's ABN AMRO Hoare Govett, says of Citigroup. As the globe shrinks, Weill pointedly notes, "it's very, very important that some of the big ones...
Mostly, though, he continues to fret about Intel's future. The firm faces dozens of challenges--from cheap PCs to antitrust investigations--and Grove is engaged in the meta-movements of the technology world more deeply than ever. Says David Wu, an analyst at ABN AMRO Chicago: "I used to have a lot of problems with Intel, but every time I asked them a question, they had already thought about...
...South America and Asia--is turning cozy, inefficient state-owned monopolies into telephone free-for-alls. The second trend is technology, which has dissolved borders and allowed telecommunications companies to branch into cable television and information services. "The logic is simple," says James Ross, a telecommunications analyst for the ABN AMRO Hoare Govett brokerage firm in London. "In the end, the industry is going to be dominated by a small number of large players, and this makes it more likely that BT/MCI will be one of them...
...biggest marriage on the Continent took place in April with the joining of two longtime Dutch rivals, Algemene Bank Nederland (ABN) and Amsterdam- Rotterdam Bank (Amro). The pair forms Europe's sixth largest bank and the 19th biggest in the world, with combined assets of $184 billion and 55,700 employees. "A merger is necessary to operate worldwide and in the Netherlands," says Roelof Nelissen, Amro's chairman...