Global Banking News-November 20, 2012--Credit Suisse to hive off
investment bank outside Switzerland(C)2012 ENPublishing - http://www.
There are plans to hive off
scores of hospitals to foreign companies offering expertise that is neither wanted nor required.
The move was a result of a radical restructuring of Trico, which had been forced to hive off
parts of its business to reduce debt - thought to be around pounds 619m.
Last month, it was reported WH Smith were looking to hive off
news distribution - possibly through stock market flotation.
64bnand unveiled plans to hive off
half of its petrochemicals arm.
The Crown Prosecution Service claims Maureen McPartland plotted from prison to hive off
more than pounds 80,000 into an offshore bank account.
A drop in US sales at The Body Shop yesterday proved the wisdom of last month's move to hive off
its loss-making Stateside division into a joint venture operation.
Objections from regulator Ofcom forced the firm to agree to hive off
its Sky News channel to get agreement for the deal - dogged by controversy because of David Cameron's close links to Mr Murdoch and his senior executives.
There is increasing fear that the government will force commercial banks in the nation to hive off
their retail businesses into separate units, which could be taken over by the government in case of future crises.
The state-owned firm beat an in-house bid to run trains and stations after Nexus was ordered to hive off
parts of the service in exchange for pounds 300m worth of rail investment.
AMP has spent most of this year working on a plan to hive off
its UK arm, which has been blamed for sending the Australian company into the red.
Owners Kingfisher are to hive off
the two chains and set them up as one firm after calling off talks to sell them separately.