Fortis Chief Executive Jean-Paul Votron said the company would not get into a bid war for Dutch bank ABN Amro, which it wants to buy in a consortium led by Royal Bank of Scotland.
U.S. hedge fund Atticus Capital is urging Barclays to drop its 65 billion-euro ($87 billion) bid for Dutch bank ABN Amro after buying a significant stake in the British bank.
Barclays President Bob Diamond is "quietly confident" the bank's $84.6 billion offer for ABN Amro will succeed over a rival offer from a consortium led by the Royal Bank of Scotland, and said that he expects the Dutch bank's disputed sale of LaSalle to go ahead.
Bank of America has accused a Dutch court of unlawful action by blocking its $21 billion purchase of ABN Amro's U.S. unit LaSalle Bank in an appeal filing, the Financial Times reported on Friday.
Royal Bank of Scotland said on Tuesday it was not in talks with Bank of America regarding an attempt to resolve the purchase of LaSalle Bank, the U.S. arm of ABN Amro that is the subject of a dispute.
Royal Bank of Scotland says the offer for ABN Amro from rival bidder Barclays would put 9,000 more Britons out of work that its own proposal to buy the Dutch bank, The Times reported.
The Securities and Exchange Commission has decided to support shareholders suing Wall Street banks for damages over Enron's collapse in a significant case before the Supreme Court, according to a newspaper report Saturday.
In court documents filed in New York, the SEC alleged that Barclays and Steven Landzberg, the former head proprietary trader for Barclays' U.S. distressed debt desk, illegally traded millions of dollars of bond securities between March 2002 and September 2003.
ABN Amro's supervisory board is getting more involved in the Dutch bank's takeover battle after a consortium led by Royal Bank of Scotland launched a bid, ABN said on Wednesday.
The CEO of Royal Bank of Scotland told CNBC that the bank's $95.7 billion bid for Dutch Bank ABN Amro is more attractive than Barclays' rival bid because it offers a higher premium and will result in fewer lost jobs with more market synergies.
A consortium led by Royal Bank of Scotland launched a 71.1 billion euro ($95.7 billion) bid for Dutch group ABN AMRO, trumping Britain's Barclays in a battle for the world's biggest bank takeover.
A consortium of banks led by Royal Bank of Scotland will decide by May 29 whether it will make an official bid for the Netherlands' ABN Amro, it said in a statement Friday.
Barclays, which has agreed to buy Dutch rival ABN Amro in the biggest ever bank takeover, said on Thursday it had made a strong start to 2007 and it had seen 'good growth' in U.K. retail bank profit.
Shares of Barclays fell Thursday, as uncertainty about the outcome of its deal to acquire Dutch rival ABN Amro overshadowed an upbeat trading statement.
A consortium led by the Royal Bank of Scotland seeking to buy ABN Amro is keeping all options open on a possible offer and will clarify its position on Sunday, consortium member Fortis's chairman said.
British bank Barclays said on Monday it was not discussing selling any major assets in ABN Amro as part of its takeover proposal, after a newspaper said it may sell ABN's Brazilian business.
Italy's UniCredit has agreed to buy smaller rival Capitalia for more than $29 billion in shares to create Europe's second biggest bank, with branches stretching from Sicily to Eastern Europe.
A Royal Bank of Scotland-led consortium said it had secured financing for its proposed takeover of Dutch bank ABN Amro and said its plan had lower risk and not significantly more job cuts than a rival offer.
Barclays President Robert Diamond told CNBC's "Squawk Box" his company has no plans to add a cash component to its $88 billion takeover offer for Dutch bank ABN Amro.
ABN Amro rejected a $24.5 billion offer for its U.S. bank LaSalle from a consortium led by Royal Bank of Scotland on Monday, but said it would put the offer and other proposals to a shareholder vote.