Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
5th July 2011
Mood music for LSE / Nasdaq merger?
Several media reports suggest that Xavier Rolet, London Stock Exchange Group Chief Executive, would be willing to enter serious talks regarding a merger with Nasdaq OMX. The reports would appear to suggest some deliberate briefing to this effect from the LSEG. Reports stress the two CEOs have not talked directly giving the option of denyability if necessary later. Rolet's predecessor, Clara Furse, fought off many acquisition attempts during her term in office including one from Nasdaq. She often did so whilst refusing to have any face to face discussions with the suitors.
The two organisation both have almost identical market values with the LSEG at £2,836m ($4,540m) and Nasdaq at $4,618m (£2,885m) as of Monday late morning London time, therefore before markets opened in the US. Both are close to their 52 week highs also.
Each is already a holding company with individual exchanges below that level, regulated by their local country regulator. Regulators both sides of the Atlantic are likely to insist on certain safeguards should an LSEG / Nasdaq deal be proposed . This would take time to negotiate however it would seem unlikely that the regulators would ultimately block a deal.