Word: banco
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Dates: during 2000-2009
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While Spain's new government is trying to end its patriarchal traditions by allowing women to head the monarchy, the private sector is ahead of the curve. Ana Patricia Botín, 43, a financial veteran, is executive chairwoman of Banco Español de Credito (Banesto), and when her father Emilio retires as chairman, she may take over the parent firm, family-controlled Grupo Santander, which is Spain's biggest banking empire. Botín, who speaks five languages, has learned how to face those who charge nepotism. "I started at the bottom," she says. "Nobody has given me anything." Indeed, Bot?...
JAMES CROSBY, CEO of U.K. bank HBOS, abandoning a potential counterbid for rival Abbey National against Spain's Banco Santander Central Hispano's $15 billion offer
Emilio Botin, chairman of Banco Santander Central Hispano, Spain's largest bank, is a lover of big-game hunting. Indeed, hunting trophies line his office wall. But his latest prize won't quite fit on the wall--the $14 billion acquisition of British mortgage lender Abbey National. The deal is the largest cross-border bank deal ever in Europe and creates the Continent's fourth largest bank. "This is a unique opportunity to enter a very interesting market," Botin said after unveiling the Abbey deal. Botin, 69, is an experienced hand at buying banks. He merged family-run Santander with...
...small deals, such as the 2000 takeovers of Bank Austria by Munich-based HVB, and Unidanmark by Swedish-Finnish lender MeritaNordbanken, banks have preferred to merge with homegrown rivals rather than competitors abroad. Until last week, that is, when the first big European cross-border deal was finally unveiled. Banco Santander Central Hispano, Spain's largest bank, agreed to buy British mortgage lender Abbey National for approximately €13.4 billion, creating Europe's fourth-largest bank in terms of market capitalization. "This is a unique opportunity to enter a very interesting market, which will add diversification, solidity and stability...
Originally a Victorian parlor game, bunco made its way to the U.S. in the mid-1850s as a gambling game known first as "banco" and later as "bunco" or "bunko." During the Gold Rush, a crooked gambler in San Francisco is said to have used the game to bilk some Forty-Niners out of their money, turning its name into a general term for cons. In 1996 Carlsbad, Calif., toy marketer Leslie Crouch packaged its components under the title It's Bunco Time!!! and started marketing it to women. Now, on any given night, groups all over the country gather...