Sunday, April 22, 2007

Barclays deal for ABN looms; LaSalle set for sale

(Reuters) - Barclays will announce plans to sell ABN's U.S. retail bank LaSalle to Bank of America as part of the deal, sources said. Analysts have said Chicago-based LaSalle could be worth between $18 billion and $23 billion.

Barclays has been in exclusive talks to buy ABN for more than a month. The deadline for those talks ran out on Friday, and sources said talks continued over the weekend and may be confirmed early on Monday.


Read more at Reuters.com Business News

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