FTSE 100: Talk of HSBC buying Northern Trust for $15bn

Posted by admin on Aug 15th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

FTSE 100: Talk of HSBC buying Northern Trust for $15bn Previous  of  Companies Next FTSE 100 FTSE 250 Speculators reckon HSBC has asked Goldman Sachs to advise on a possible $65-a-share offer. JP Morgan has also been touted as a rival potential bidder by US blog websites. Market sources, though, believe that Jamie Dimon's bank is unlikely to be a bidder because it is advising Northern Trust on its discussions with HSBC.   Related Articles Shares and Markets: News, charts, data 'Hindenburg Omen' foreshadows FTSE crash FTSE 100 'will break 6,000 mark this year' FTSE slide 1.4pc as energy companies remain in focus Vodafone gains as JP Morgan goes defensive Glaxo eyes up Human Genome Sciences Earlier this week, analysts at MF Global noted the HSBC-Northern Trust takeover rumours, arguing the "deal should be easy to fund" for HSBC. HSBC declined to comment on the speculation. However, people familiar with the situation have poured cold water on the tale, saying there is no truth in the takeover talk.[Read more...]

2 Responses for “FTSE 100: Talk of HSBC buying Northern Trust for $15bn”

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