HONGKONG AND SHANGHAI BANKING CORPORATION AND MIDLAND BANK

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

This is an amendment to an existing motion

This motion was originally tabled by Mr Jacques Arnold on 12 May 1992. This is amendment number 3.

View details of the original motion

Suggested amendment

at end add 'is concerned however that the rival bid from Lloyds Bank offers none of these benefits and therefore supports the submission of this bid to the Monopolies and Mergers Commission.'.

Original motion text

That this House notes the offer made by Hongkong and Shanghai Banking Corporation Holdings for the Midland Bank; believes that any reduction in competition between the clearing banks would significantly affect consumer choice, and hence be unwelcome to banking customers, especially small businesses; welcomes HSBC'S intentions to retain the Midland Bank's identity and to ensure that it continues to act as a strong and competitive force in British banking; and believes that the creation of a strong British bank of world stature will strengthen London as Europe's pre-eminent financial centre.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.