Abbey National Plc.

News & Analysis

abbey national plc. and general electric co. - All News and Analysis

• Abbey National sells finance unit in plan to focus on consumer banking.

  - 2003-02-07

  Feb 06, 2003 (The Age - ABIX via COMTEX) UK Bank, Abbey National, has agreed to sell its finance unit, First National, to General Electric for $A2.4bn. The sale is part of the bank's strategy to focus on its core business of consumer banking. ...

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• Abbey National raises pounds 848m with sale of consumer lending arm

  - 2003-02-05

  ABBEY NATIONAL, Britain's beleaguered sixth-biggest bank, yesterday made its first significant disposal as part of its plan to get its business back on track, hiving off most of its consumer lending arm, First National, to General Electric for pounds 848m. The deal marks the end of a...

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• British Bank Raises UKpound 848 Million Cash from Credit Deal.

  - 2003-02-04

  Evening Standard, London Knight Ridder/Tribune Business News Feb. 4--Abbey National has raised UKpound 848 million cash from the sale of the bulk of its First National consumer credit business to GE Consumer Finance. The First National sale is the first...

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• GE butts in with a bid for Equitable

  - 2000-08-20

  GE CAPITAL, the financial services group controlled by the giant US conglomerate General Electric, is set to muscle into the pounds 5bn auction for Equitable Life. The pensions and investment group was put up for sale by its management last month after the House of Lords ruled...

  Tags: Abbey National Plc., General Electric Co., Schroders Plc.