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Mon, Apr 23, 2007 - Page 10 News List

European banks headed for mergers

NEGOTIATIONS ABN Amro, as well as Societe Generale and UniCredit, are reportedly in talks about potential takeovers, but their executives are tight-lipped about details

AFP AND BLOOMBERG , PARIS AND LONDON

The UK regulator judges that while the new group would have its headquarters in Amsterdam, its "center of gravity" would be in the UK, the newspaper said.

If the FSA doesn't agree to let the Dutch Central Bank be the lead regulator, a "key" concession Barclays is making to ABN Amro to complete the transaction would be undermined, the Financial Times said.

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