Tuesday, March 27, 2007

Barclays says in strong position on ABN

(Reuters) - "We are in a strong position," said Bob Diamond, head of Barclays' investment banking and a key figure in the talks. "We feel terrific that we have a period of exclusivity, and we have a lot of work to do," he said.

Barclays and ABN last week outlined a framework to create a bank listed in London, headquartered in Amsterdam and with its two top jobs split. Analysts said that leaves price as the key issue to be resolved.


Read more at Reuters.com Business News

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