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Friday, 11 February, 2000, 09:53 GMT
NatWest takeover battle
One of the UK's biggest banks, NatWest, has been forced to accept a takeover bid from a smaller rival, Royal Bank of Scotland. The outcome of this bitter struggle sets the tone for a long overdue round of consolidation in the financial sector, as it prepares for a new age of fierce global competition.

NatWest finally gives in
Royal Bank of Scotland clinches victory in the long-running struggle for control of NatWest - pipping at the post its rival Bank of Scotland, which had sparked the battle with an audacious hostile takeover bid.

  • Timetable of a takeover
  • Royal Bank on brink of victory
  • NatWest decision time
  • Banking in the doldrums

    NatWest: a clearing bank in trouble
    NatWest was once Britain's most profitable bank. But it lost its chief executive after failing in its bid to conquer the global marketplace.
  • NatWest considers break-up (4 Oct)
  • NatWest chief executive ousted (8 Oct)
  • NatWest cuts jobs (26 Oct)
  • NatWest hardens takeover stance (17 Dec)
  • NatWest's defiant defence (24 Jan)

    Bank of Scotland
    The oldest bank in the UK shows a modern streak in its desire to move south of the border, but poor judgement in its earlier plan to link up with US evangelist Pat Robertson.
  • BoS: 21bn bid (24 Sept)
  • BoS plans 1bn cuts at NatWest (7 Oct)
  • BoS: we will reverse NatWest decline (7 Jan)
  • BoS plans major branch surgery (19 Jan)

    Royal Bank of Scotland
    Royal Bank of Scotland has been aggressively expanding its business through alliances with UK supermarkets and direct telephone marketing.
  • NatWest rejects RBS bid (28 Nov)
  • RBS warns of 18,000 job cuts (29 Nov)
  • NatWest battle nears end (31 Jan)
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