From: JF
Newsgroups: uk.finance
Subject: Re: Independent Banking Advisory Service
Date: Mon, 13 Jun 2005 00:13:53 +0100
In message , John
writes
>Has anyone had any experience using this service or any similiar?
>
>Seem keen to want a help but want to charge up front which leaves me a
>bit suspicous.
>
>Any info would be appreciated
Eddie Wetherall is an absolutely straight guy. He set up IBAS following
an extremely messy case with one of the major banks. He is example of
how one man, not forgetting his wife, can put a hefty old spoke in
corporate wheels. About three years ago a big merger notion was being
entertained by two large financial institutions with a joint value of,
wait for it, in excess of GBP10 billion! The proposal was referred to
Miss Hewett, the minister responsible. Eddie submitted to her a detailed
report that spelt out why the merger was not in the public interest.
Amazingly and probably gratifying for Eddie, Miss Hewett vetoed the plan
and cited chunks of Eddie's report in her adjudication.
--
James Follett. Novelist. (G1LXP) http://www.jamesfollett.dswilliams.co.uk
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