Scot free?

摘要

Britons like to snigger at the French. So London's bankers greatly enjoyed last year's lengthy and inconclusive takeover battle between three of that country's biggest banks. Yet now, and despite Britain's much-admired takeover code, the hostile bid for National Westminster Bank by two smaller rivals, Bank of Scotland and Royal Bank of Scotland, could also end in stalemate. The City is not amused.