ABN AMRO news stories on Newser

World's Biggest Bank Deal Ends in Breakup

Jason Farago — Fri, 05 Oct 2007 08:15:14 CDT

After months of counteroffers, court cases and credit crises, the battle to buy Dutch banking giant ABN Amro concludes today, with a break-up of the bank. The Wall Street Journal reports that a three-bank consortium led by the Royal Bank of Scotland will almost certainly win ABN Amro shareholders' approval...

Banks Go Dutch on ABN Buy

Peter Fearon — Fri, 14 Sep 2007 05:33:38 CDT

The race to buy Dutch bank ABN Amro is in the final stage—with a consortium led by the Royal Bank of Scotland apparently on the inside track ahead of Barclays. The consortium has already won agreement from ABN and the Dutch government, but has yet to raise the $99...

Barclays Bid Gets Backing From the East

Heather McPherson — Mon, 23 Jul 2007 12:06:51 CDT

The Chinese and Singaporean governments have invested almost $5 billion in Barclays, helping the firm float more cash for its bid for ABN. The state-run companies would invest even more if the bid succeeds, which would leave the Chinese state with a holding of 7.7% of the world's new...

Barclays Selling Stake to Fund Bank Battle

Peter Fearon — Mon, 23 Jul 2007 05:56:53 CDT

Barclays Bank is poised to sell a significant piece of itself to fund its bitterly contested takeover battle for Dutch bank ABN Amro, the Wall Street Journal reports. Barclays is close to a deal with Singapore's government-owned investment firm Temasek Holdings and another investor. A 10% stake is worth up...

RBS Consortium Renews Bid for ABN Amro

Sam Gale Rosen — Tue, 29 May 2007 09:02:13 CDT

Refusing to take no for an answer, a coalition led by Royal Bank of Scotland today submitted a renewed $95.6 billion bid for ABN Amro. The offer overshadows a competing $86 billion offer from Barclays, but legal wrangling over the sale of LaSalle Bank continues to bog down the...

ABN Turns Down RBS Spoiler Offer

Sam Gale Rosen — Mon, 07 May 2007 08:01:39 CDT

Dutch bank ABN Amro has rebuffed a $24 billion offer for its American nephew LaSalle, from a consortium led by the Royal Bank of Scotland. ABN says the bid was no better than a previous one from Bank of America, and that the Scots had ignored "repeated requests for clarification"...

Dutch Court Blocks Bank Merger

J. Kelman — Thu, 03 May 2007 13:47:10 CDT

A Dutch court has blocked the sale of ABN Amro's LaSalle Bank, throwing Amro's proposed merger with Barclays into jeopardy. The move—which the court says is intended to protect shareholder interests—could spark a new bidding war over the Dutch bank, whose $87.5 billion proposed merger with Barclays...

Euro Bank Giants to Merge

Sam Gale Rosen — Mon, 23 Apr 2007 09:23:39 CDT

Britain's Barclays Bank and Dutch bank ABN Amro have agreed to merge, creating one of the world's largest banks. The $90 billion deal is far from a sure thing, however—it requires approval by shareholders and regulators, and a group led by Barclays' archrival, the Royal Bank of Scotland, has...