The Bankwatch

Tracking the consumer evolution of financial services

The a big shake-out is coming | ailing bank takeovers

Following up on the last couple of days of news on bank failures, already happened and those to come, what comes next? One easy one is bank takeovers. We noted yesterday the Dundee Securities tipped CIBC in Canada as a takeover candidate.

Now the Economist today speaks about an expected big shakeout, naming rumoured acquirors here.

Bank consolidation | Under the hammer |

Barclays, Deutsche Bank, HSBC and Royal Bank of Canada are among the names to have been bandied about as predators in recent weeks

I would include RBS, BofA, in that list too, based on observation of their recent activity in the last few years. I would also bet on Asian Banks looking at western Banks as potential targets to diversify, and pick up higher returns. Look to Japan, China, and Singapore for that possibility.

Written by Colin Henderson

July 16, 2008 at 16:42

Posted in Uncategorized

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