Barclays moving HQ to Holland if ABN deal succeeds

Barclays will end a 317-year association with London and move its headquarters to Amsterdam under plans to merge with the struggling Dutch bank ABN Amro.

John Varley, Barclays moving HQ to Holland if ABN deal succeeds
Under the proposals, the chief executive will be chosen by Barclays and is almost certain to be incumbent John Varley

Barclays made the concession to secure 30 days of "exclusive" talks with its smaller rival in an effort to create the world's fifth largest banking group, worth more than £80bn. Regulation will also be transferred to Holland under the plan

Read Full Article from Telegraph.co.uk

- Posted: 2007-03-21 11:03:31

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