ABN Amro completes LaSalle sale

ABN Amro has completed the sale of its US subsidiary LaSalle to Bank of America for $21bn. The sale was originally part of ABN Amro’s plan to be taken over by Britain’s Barclays bank.

However, a consortium of three banks led by the Royal Bank of Scotland is now hot favourite to takeover the Dutch banking group. Barclay’s offer for ABN Amro expires on Thursday, the consortium’s on Friday.

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