Several banks have contacted Barclays Bank to express interest in acquiring Banco Real, ABN Amro’s Brazilian asset, if Barclays’ proposed $86.45 billion purchase of ABN is completed. <Sources: Wall Street Journal, Reuters (I, II)
Commentary: ABN Amro Opposes RBS-Led Rival Bid for LaSalle • Judge Orders Freeze of ABN Sale of LaSalle to BoA • ABN Amro Agrees to Sell Itself to Barclays for $91 Billion
Stocks/ETFs to watch: ABN Amro Holding N.V. (ABN), Barclays PLC (BCS), Royal Bank of Scotland Group plc [ADR] (RBSPY), Banco Itau Holding Financeira S.A. [ADR] (ITU), Bank of America Corp. (BAC), UBS AG (UBS). Competitors: HSBC Holdings plc ADR (HBC), Deutsche Bank AG (DB). ETFs: First Trust Morningstar Div Leaders Idx (FDL), PowerShares Intl Dividend Achievers (PID), iShares MSCI Netherlands Index (EWN)
Seeking Alpha’s news briefs are combined into a pre-market summary called Wall Street Breakfast. Get Wall Street Breakfast by email — it’s free and takes only seconds to sign up.
originaly from source
|
|