NatWest shapes up $300m bid for Wall Street broker
Lord Alexander, NatWest chairman is already widely believed to stand ready to offer substantial inducements to any staff of Barings, as part of its expansion plans.
In America, the British bank was rumoured to be close to paying $300 million for the American firm, which has recently embarked on a pruning of staff and its operations in spite of good profits in 1994.
"If the price is right it could happen" commented Michael Lipper, of Lipper Analytical, which specialises on monitoring the fortunes of companies on Wall Street. "The management of Oppenheimer is of an age when they might want an ultimate sale and Natwest certainly have been trying to expand".
Neither Oppenheimer - which has a staff of about 2,800 concentrating on securities brokerage, investment banking and insurance - nor NatWest in the US would comment on the speculation. A large number of US NatWest staff came from the now defunct Drexel Burnham Lambert, which traditionally had close ties with Oppenheimer.
The Dutch financial group ING, which yesterday sealed its purchase of Barings Brothers, was reported to be in negotiations to buy Oppenheimers but pulled out of the talks because it considered the price too high.
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...