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BoS war of words with NatWest

Bank of Scotland has hit out at National Westminster Bank&#39s defence strategy as “selective and unrepresentative” in the latest snipe of the hostile takeover bid for the bank.


The attack responds to Natwest&#39s defence document which slated most banking mergers as destroying value.


But BoS says Natwest&#39 s defence “clearly indicated its failure to understand the dynamics of modern banking” claiming it was only going on US evidence against mergers.


BoS chief executive Peter Burt says: “Its easy to look for problems and make generalisations based on selective data. It is more meaningful to develop forward-looking solutions and strategies to create value.”

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