LaSalle Bank Sparks a Duel
LaSalle Bank, an outfit that Chicagoans have treated as a hometown bank since the Great Depression, has become an unlikely prize in the global battle to carve up the big bank's Dutch parent, ABN Amro Holding (ABN). LaSalle, No. 2 by deposits in the Chicago area, has emerged at the center of a tussle among banking giants including Royal Bank of Scotland and Britain's Barclays (BCS), as well as the U.S. retail banking powerhouse Bank of America (BAC) (see BusinessWeek.com, 4/25/07, "Can the Scots Spoil Barclays' ABN Deal?"). The Chicago bank is much coveted because it provides entrée into the Midwest banking market, which is potentially lucrative and strategically important to the bidders.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline
- Everything Is Crazy and the Markets Aren’t Freaking Out
- Facebook Is Looking for Employees With National Security Clearances
- London House Prices Fall Most Since Financial Crisis
- Kushners’ Control of Family’s NYC Crown Jewel Is Now in Jeopardy