Tuesday, June 5, 2007

RBS not in talks with BofA, says H1 earnings ahead

(Reuters) - Britain's second biggest bank also said on Tuesday its consortium's proposed 71 billion euro takeover of ABN would result in about 19,000 job cuts, fewer than the 23,600 planned by Barclays under a rival offer.




Both estimates exclude LaSalle, which the RBS consortium wants as part of its proposed deal, but which ABN has agreed to sell to Bank of America .


Read more at Reuters.com Hot Stocks News

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