Of all the deals we’ve heard about potentially collapsing because of these jittery markets, surely the pursuit of ABN Amro should be at the top.
The RBS consortium includes Fortis which faces an uphill struggle, to say the least, in completing Europe’s biggest-ever fundraising at €13bn (£8.75bn). If it doesn’t make it, the party’s over for Sir Fred Goodwin, chief executive of Royal Bank of Scotland. But life is just as queasy for rival Barclays, which wants to pay for ABN largely with its own shares. for more click here