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Bank of America exec ready to integrate LaSalle Bank

AP — Mon, 05 May 2008 04:20:32 +0000

Liam McGee, Bank of America’s president of global consumer and small business banking, chatted with The Associated Press about his thoughts on leading his bank’s retail growth and customers’ perceptions of the conversion from the...

Court favors ABN Amro, RBS-consortium to bid again

Rahul — Sat, 14 Jul 2007 06:11:23 +0000

Finally the acquisition for ABN Amro is making way as deal’s moot point has been cleared by the Dutch Supreme Court. The Dutch Supreme Court has cleared a hurdle to ABN to sell its American arm LaSalle Bank to Bank of America as it logjam the...

RBS makes offer for ABN: Barclays stunned

Rahul — Thu, 31 May 2007 04:02:50 +0000

A consortium led by Royal Bank of Scotland raised the bid for ABN Amro, offered €71.1billion ($95.6billion), topping the Barclays Plc’s an all-share offer of 63.8 billion euros. A group will pay more than €56billion in cash,...

RBS makes offer for ABN: Barclays stunned

Rahul — Wed, 30 May 2007 08:11:21 +0000

Suitors for ABN Amro under immense pressure to placate shareholders

Balendu — Mon, 14 May 2007 07:32:45 +0000

In an interesting development, Royal Bank of Scotland Group PLC chairman Tom McKillop has been warned by at least four leading institutional investors last week not to overpay for ABN Amro Holding NV. According to the reports shareholders...

Dutch Court blocks ABN Amro Sale of LaSalle Bank

Balendu — Fri, 04 May 2007 06:26:53 +0000

A Dutch court asked ABN AMRO in its verdict on Thursday to freeze its $21 billion sale of US unit LaSalle Bank. The ruling has dealt a severe blow to its agreed takeover by Barclays Plc and making it easier for a rival group of suitors to bid...

RBS launches $98 billion rival ABN AMRO bid plan

Balendu — Wed, 25 Apr 2007 09:24:08 +0000

The Royal Bank of Scotland has announced that it and its partners; Santander of Spain and Fortis of Belgium, believe they could pay around 13 per cent more for ABN than what Barclays is offering. The consortium led by RBS has offered 72.2...

Bank of America to acquire ABN Amro's LaSalle to plug Chicago gap

Balendu — Mon, 23 Apr 2007 04:39:50 +0000

Bank of America Corp. has reportedly given approval to acquire ABN Amro Holding NV’s LaSalle unit for about $21 billion. The acquisition will make it the largest bank in Chicago and plugging one of the few remaining gaps in the nation’s...