Summary
ABN Amro is playing with fire by being too cosy with its merger partner Barclays.
People close to the duo admit that the Dutch bank showed Barclays several advance drafts of a letter it was sending to a rival bid consortium comprising Royal Bank of Scotland, Fortis and Santander. The letter, demanding that the trio allay concerns over their funding structure, appears to have more designed to appease Barclays rather than provide some desperately needed clarity.See the full content of this document
Extract
Abn Rapped for 'Cosy' Ties with Barclays
Meanwhile, ABN's activist shareholder TCI yesterday called for the supervisory board to ...
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