Enter multiple symbols separated by commas

ABN Pushes for RBS to Settle LaSalle Dispute: Report

ABN Amro urged a Royal Bank of Scotland-led consortium and Bank of America to settle their dispute over the acquisition of ABN's U.S. unit, LaSalle, as the subsidiary's future remains a sticking point in the takeover battle for the Dutch bank, the Financial Times reported Friday.

Both the RBS consortium and BofA are keen to buy LaSalle assets and held discussions last week about potentially splitting the company. The talks failed, but ABN Amro is keen to resume them and avoid an extended legal fight, the paper reported.

The potential deal would involve BofA purchasing LaSalle for $21 billion and then selling some of its assets to RBS if the consortium's $94.6 billion offer for ABN Amro succeeded, according to people familiar with the talks, the FT said.

BofA would then drop its lawsuit claiming billions of dollars in damages from ABN Amro, the London based paper added.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.