Barclays Is Pressed to Ditch Bid for ABN; Called to Account: Critics Suggest That Barclays' Use of the Bank of England's Emergency Borrowing Facility Twice in the Past Few Weeks Suggests Management under John Varley Has Taken Its Eye off the Ball

The Evening Standard (London, England), September 7, 2007 | Go to article overview

Barclays Is Pressed to Ditch Bid for ABN; Called to Account: Critics Suggest That Barclays' Use of the Bank of England's Emergency Borrowing Facility Twice in the Past Few Weeks Suggests Management under John Varley Has Taken Its Eye off the Ball


Byline: NICK GOODWAY

BARCLAYS is coming under pressure from some of its own shareholders toabandon its takeover bid for ABN Amro and collect the e200 million ([pounds sterling]134million) break fee it was promised before the rival bid from a consortium ledby Royal Bank of Scotland appeared.

Investors in Barclays will be asked to approve its e59 billion bid at a meetinga week today. But with its mainly share-based bid now so far behind the e 71.1billion mainly cash offer that has been made by RBS, Santander and Fortis, someBarclays shareholders believe the battle is all but lost, and the bank shouldmove on.

In particular, Barclays' need to use the Bank of England emergency overnightborrowing facility twice in the past few weeks has raised questions overwhether the management, led by chief executive John Varley, has taken it eyeoff the ball.

There are also concerns over Barclays Capital, the powerhouse of growth run byBob Diamond, which has been involved in setting up several StructuredInvestment Vehicles..

These are seen as the most vulnerable type of funds in the current creditsqueeze. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Barclays Is Pressed to Ditch Bid for ABN; Called to Account: Critics Suggest That Barclays' Use of the Bank of England's Emergency Borrowing Facility Twice in the Past Few Weeks Suggests Management under John Varley Has Taken Its Eye off the Ball
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.