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BUSINESS
June 30, 1986 | Associated Press
Lloyds Bank PLC on Friday sweetened its hostile bid to buy Standard Chartered PLC to the equivalent of about $1.93 billion from $1.76 billion. A combination of the two banks would create Britain's biggest commercial bank, with assets of more than $106 billion. The current industry leader is National Westminster Bank PLC. Standard Chartered, which spurned Lloyd's initial bid announced in April, also rejected the new proposal, saying the revised terms "are still demonstrably inadequate."
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BUSINESS
May 20, 1992 | From Associated Press
A state jury on Tuesday told Price Waterhouse to pay $338 million to a British banking firm because the accounting firm's audit led to a losing investment in an Arizona bank. The jury agreed with London-based Standard Chartered that Price Waterhouse bungled its audit of United Bank in 1985 and 1986.
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BUSINESS
August 26, 1991 | From Times Staff and Wire Reports
Bank Runs Being Investigated: The government is beginning to investigate rumors that caused brief runs earlier this month on the Hong Kong branches of Citibank and Britain's Standard Chartered Bank. Residents have grown increasingly jittery since the government closed the Hong Kong subsidiary of Bank of Credit & Commerce International last month. BCCI Hong Kong Ltd. was shut down shortly after authorities seized several BCCI operations worldwide to investigate allegations of massive fraud.
BUSINESS
August 26, 1991 | From Times Staff and Wire Reports
Bank Runs Being Investigated: The government is beginning to investigate rumors that caused brief runs earlier this month on the Hong Kong branches of Citibank and Britain's Standard Chartered Bank. Residents have grown increasingly jittery since the government closed the Hong Kong subsidiary of Bank of Credit & Commerce International last month. BCCI Hong Kong Ltd. was shut down shortly after authorities seized several BCCI operations worldwide to investigate allegations of massive fraud.
BUSINESS
August 8, 1987 | MICHAEL PARKS, Times Staff Writer
Standard Chartered, one of Britain's largest banking companies, Friday announced sale of its South African subsidiary to local investors in what will be the largest foreign divestment from this strife-torn country. Standard Chartered, whose local subsidiary is South Africa's second-largest bank, said it is selling its 39% interest in Standard Bank Investment here for the equivalent of $254 million at present exchange rates.
BUSINESS
May 20, 1992 | From Associated Press
A state jury on Tuesday told Price Waterhouse to pay $338 million to a British banking firm because the accounting firm's audit led to a losing investment in an Arizona bank. The jury agreed with London-based Standard Chartered that Price Waterhouse bungled its audit of United Bank in 1985 and 1986.
BUSINESS
September 27, 1988 | LINDA WILLIAMS, Times Staff Writer
California First Bank said Monday that it plans to issue 12.6 million new shares of stock, including a public offering of slightly more than 3.1 million shares, to help finance its pending purchase of Union Bank in Los Angeles. Bank of Tokyo owns a 77.2% stake in California First and, although the issuance of the new shares will not significantly reduce that stake, the public offering will more than double the number of California First shares in public hands.
BUSINESS
August 8, 1987 | MICHAEL PARKS, Times Staff Writer
Standard Chartered, one of Britain's largest banking companies, Friday announced sale of its South African subsidiary to local investors in what will be the largest foreign divestment from this strife-torn country. Standard Chartered, whose local subsidiary is South Africa's second-largest bank, said it is selling its 39% interest in Standard Bank Investment here for the equivalent of $254 million at present exchange rates.
BUSINESS
June 30, 1986 | Associated Press
Lloyds Bank PLC on Friday sweetened its hostile bid to buy Standard Chartered PLC to the equivalent of about $1.93 billion from $1.76 billion. A combination of the two banks would create Britain's biggest commercial bank, with assets of more than $106 billion. The current industry leader is National Westminster Bank PLC. Standard Chartered, which spurned Lloyd's initial bid announced in April, also rejected the new proposal, saying the revised terms "are still demonstrably inadequate."
BUSINESS
December 29, 1989 | From Associated Press
The Supreme Court of the state of Victoria today appointed receivers and managers for brewing interests held by Bond Corp. Holdings Ltd. of Australia. Australian media speculated that the move marked the beginning of the end for the Bond empire, controlled by Alan Bond, chairman of the cash-strapped media, brewing, natural resources and property concern. The move also cast further doubt on the future of G. Heileman Brewing Co. of Milwaukee, owned by Bond. Earlier today, Bond Corp.
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