To help rebuild its assets, UBP bought over the past two years the Swiss arm of Dutch bank ABN AMRO, and Paris-based hedge fund Nexar Capital Group.
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The first was the government's handling of the bizarre affair of Italy's central-bank governor, Antonio Fazio, who is accused of favouring a takeover bid by Banca Popolare Italiana (BPI) for Antonveneta, a larger Italian bank, over a rival bid from a Dutch bank, ABN Amro.
Through a smart bit of asset flipping, it was the only bank that profited from the ill-fated takeover of ABN Amro, a Dutch bank, in 2007.
"Despite the recent rise in equity markets, we believe an enormous gap exists between the apparent bullish consensus on equities and effective low positioning in equity markets, " Didier Duret, chief investment officer for the private bank of Dutch financial services giant ABN Amro, told clients last week.
Fortis, a Belgo-Dutch bank overstretched by its role in acquiring ABN AMRO, is now part-owned by the Benelux governments.
Its clients include government bodies in the Netherlands and abroad, and big companies including IBM, a computer giant, and ABN AMRO, a Dutch bank.
Consob also ruled that Lodi must now make a cash offer (it had wanted to pay in shares and bonds), boosting the chances of a rival bid from ABN Amro , a Dutch bank.
Not on your nellie, say Elroy Dimson, Paul Marsh and Mike Staunton from London Business School (LBS), in an annual study of global investment returns sponsored by ABN AMRO, a Dutch bank, that was published last week.
On January 19th Royal Bank of Scotland's shares collapsed as the British government raised its stake and the battered lender said it could report Britain's largest-ever corporate loss after an impairment charge on its takeover of ABN AMRO, a Dutch bank.
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Sir Tom admitted to MPs that his bank's much-criticised purchase of Dutch rival ABN Amro had been a "big mistake".
Atticus Capital, which owns 1% of Barclays, has written to the British bank's Chairman, Marcus Agius, requesting that he call off his bid for Dutch rival ABN Amro.
As the suitors of ABN Amro sit back and wait for the results of legal disputes on their bids, the Dutch bank may start worring about losing key employees who don't want to wait around to see what their jobs will look like under new ownership.
In early June Barclays was reportedly drawing up contingency plans to restructure its all-paper offer for ABN Amro with a "significant" sweetener, effectively reducing the shares it would issue for the Dutch bank and replacing them with cash. (See: "Barclays Gets Creative") All-share bids are less favorable than cash offers because their value can be volatile.
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