Citigroup Looking into a Bid for ABN AMRO: WSJ

Some executives within Citigroup are pushing for the U.S. banking giant to make a bid for ABN AMRO, which is in discussions about a possible merger with Barclays, the Wall Street Journal reported on Friday.

Citigroup is studying whether to make a bid for ABN AMRO, and could make a hostile bid for ABN AMRO, the Netherlands' biggest bank, the newspaper said, citing unnamed people familiar with the matter.

Officials from both banks were not immediately available for comment.

Barclays has clinched an exclusive agreement to negotiate with ABN AMRO and has drawn up a broad merger outline for a combined bank worth more than $166 billion that would be listed in London, headquartered in Amsterdam and have its two top jobs split.

Contact U.S. News


    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Don't Miss

U.S. Video

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up big on the day as traders buzzed about OPEC comments. Nat gas was hit again as temperatures warmed up. And gold had a slight rebound on the day.

  • Making sense of this month's volatile trading, with Michael Santoli, Yahoo Finance; Eric Chemi, CNBC.com; "Fast Money" trader Steve Grasso; and CNBC's Sara Eisen.

  • Dissecting today's trade and why indices are closing near the lows, with Marry Ann Bartels, Merrill Lynch Wealth Management, and Art Cashin of UBS.