Barclay- ABN AMRO Bank deal in $90 billion, more job opportunity for Indians

Delhi, Mon, 23 Apr 2007 NI Wire

April 23: In the world‚??s biggest financial deal, Britain‚??s Barclays Bank will buy Dutch ABN Amro, worth ¬£45bn (90bn). ‚??It has surpassed the Scotish bank Royal Bank of Scotland after the delays in the meeting with ABN Amro,‚?? official sources reported on Monday, April 23, in London. The new deal will create a total of 10,800 new jobs, particularly in areas where economy is still clinging to the prospective future. India will be one of the best choices, the report assumes.

There were more than half a dozen companies in the bidding war to purchase ABN Amro on Monday and Barclay appeared winner following it‚??s highest bid worth $90 billion. After the Barclay-ABN merger, this venture will be the biggest financial company in Europe. The total share will be distributed in the ratio of 52 to 48, in which Barclays will own 52 percent shares while ABN Amro will own the rest. The Royal Bank of Scotland was one of the biggest rivals of Barclays, while Spanish bank Santander was another big player in the bid, which owned UK's Abbey and Belgian bank Fortis.

According to one analyst, Royal Bank of Scotland RBS, has claimed to make the higher bid than Barclays but Barclays less bid seems to have more cost savings. The total number of customers will be 47 millions, which include 27 millions credit card holders. The total joint revenue of the bank will be ¬£94 billion. There are more than 21,700 workstations operating across the globe and some of which may receive losses, especially in UK, Spain and Italy. The 12,800 employees will lose their jobs while more than 10,000 new jobs will be produced especially in low cost locations. It is the company‚??s strategy to recruit the new staff especially in India, where labour cost is low. As such the company can earn more profit in less investment. There are three branches of Barclays already in India.



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Comments:

shankar

January 31, 2011 at 12:00 AM

i am in working india infoline ltd mcom(ib)

shankar

January 31, 2011 at 12:00 AM

i am in working india infoline ltd

PRIYA

September 13, 2010 at 12:00 AM

I am working with Total home solutons (fmcg) in agra as a backend operater and I Have completed B.com. so iwant to know about your vacancy .

yours faithfully
priya

Rajesh Shrestha

August 11, 2010 at 12:00 AM

looking for the job opppurtunity ,as if it will be good if i get at banking sector or at outlet cashier

Bharathesh Kumar

August 4, 2010 at 12:00 AM

Hi,let me know the job vacancy in which post and all the details so that i can send my CV,give me a mail id, and i have 8 years experince.

Thanks

Kumar

working home typing

July 9, 2010 at 12:00 AM

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tejaswini ahire

August 25, 2009 at 12:00 AM

it a very nice bank & transactions i like let me know any oppotunity for B.com.

tejaswini ahire

August 25, 2009 at 12:00 AM

it a very nice bank & transactions i like let me know any oppotunity for B.com.

sanjay kumar

September 28, 2008 at 12:00 AM

let me know any oppotunity for M.Com. and ex-serviceman. willing to work in any shift.

JASPAL KANWAR

September 28, 2008 at 12:00 AM

I am working with tata teleservices and pursuing MBA from SMU, pls let me know if there is any opportunity for me.

Vivek Nair

September 16, 2008 at 12:00 AM

let me know if there s any oppurtunity for B.A.English graduate students? willing to work @ any shift!

Alka bansal

August 12, 2008 at 12:00 AM

let me know abt any openings in non-voice proces in delhi/ncr region. night shift- no problem

amit tribhuvan

July 28, 2008 at 12:00 AM

it's a very good bank with good people.though i go through the history of this bank it was very nice. with well manage culture. really happy to work with this type of organisation.
amit
icici bank ltd
nashik

ghulam murtaza

May 7, 2008 at 12:00 AM

inform me about the job vacancies in call center of barclay bank

SANDHAVI SRIVASTAVA

March 28, 2008 at 12:00 AM

thats gr8 two gr8 bank are merging which is going to befited many pepole speceily to economy.iam happy for this may be i ll get a chance to work with this new family which is merging soon.

Preethi Kamath

March 28, 2008 at 12:00 AM

I wanted to know whether internship s offered to MBA students. As i am pursuing MBA from INTERNATIONAL SCHOOL OF BUSINESS AND RESEARCH, Bangalore, i am keen in doing my internship in your organization.So please guide me.

jayasheela

March 25, 2008 at 12:00 AM

I want to know about the job opportunities

R.Radha

March 24, 2008 at 12:00 AM

I want to know about the job opportunities

nitingarg

March 23, 2008 at 12:00 AM

i want to know about the job apportunities

sreenivasan

February 15, 2008 at 12:00 AM

seeking a job opportunity for better growth in carrer . currently placed with a old private sector bank in South India