Monday, September 18, 2006

Dutch bank ABN Amro for sale?

Rumors were flying late last week that Dutch bank ABN Amro may be on the block. While it is still pure speculation, the rumor seems to indicate that both an acquisition of the entire entity and an acquisition of just ABN's U.S. operations could materialize. Any deal would be massive in size. ABN's current market value is over 40 billion euros. The consolidation among large domestic banks seems to have cooled off after a busy few years when interest rates were low and real estate was all the rage. Check out the Bloomberg article.

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