Abbey National Plc.

News & Analysis

abbey national plc. and enron corp. - All News and Analysis

• London-Based Abbey National Sues Banks over Enron Bonds.

  - 2002-10-13

  By Tim Webb, Sunday Business, London Knight Ridder/Tribune Business News Oct. 13--Abbey National is suing seven Wall Street banks, which underwrote bonds issued by the collapsed US energy conglomerate Enron on behalf of two of its controversial off-balance-sheet partnerships. ...

  Tags: Abbey National Plc., Enron Corp.

• Royal Bank to pay (pounds) 1.2bn for Wessex Water

  - 2002-03-10

  THE Royal Bank of Scotland is poised to buy Bristol-based Wessex Water from the collapsed Enron group "early this week" for about pounds 1.2 billion, according to sources close to the deal. RBS is leading a bid, also backed by rival bank Abbey National, with the split...

  Tags: Abbey National Plc., Enron Corp.

• Why honesty is the best policy; Corporate deceit is a slippery slope.

  - 2002-03-09

  Play it straight, says Buffett Corporate deceit is a slippery slope FOR every corporate crook there are at least ten corporate deceivers: people who fool themselves that things are other than what they appear to be. At first they do not break...

  Tags: Abbey National Plc., Enron Corp.

• Outlook: Now Abbey National pops up as an Enron clown

  - 2001-12-01

  BRITAIN HAD Marconi; the US has got Enron. All business downturns have their defining corporate bankruptcies and Enron looks like being one of them. In fact, it looks like being the biggest bankruptcy in US history, with listed assets of $62bn. It's hard to believe now, but little more than...

  Tags: Abbey National Plc., Enron Corp.

• Around the World's Markets: London

  - 2001-12-01

  THE FTSE 100 index edged down to a three-week closing low as the woes of US energy trader Enron hit banking shares and investors remained cautious about the economic outlook. Abbey National fell 5.5 per cent after saying that it had pounds 115m exposure to Enron. The blue-chip index fell...

  Tags: Abbey National Plc., Enron Corp.

• Bankruptcy Crisis: Enron administrators dismiss 1,100 London staff

  - 2001-12-01

  A TOTAL of 1,100 staff at the London headquarters of Enron were fired last night without redundancy pay by administrators called into the collapsed US energy trading giant earlier this week. PricewaterhouseCoopers said it would retain 250 of the 1,400 staff in London to help with the...

  Tags: Abbey National Plc., Enron Corp.