Tag - Royal bank of scotland
The ongoing credit crunch, generated by the US subprime mishmash can trigger upheaval for the Royal Bank of Scotland-led consortium to finance the $95.51bn offer to ABN Amro.
Due to lack of liquidity in the market, hedge funds are believed to have.
Finally, ABN AMRO bows to RBS-led consortium's competitive bid and decided against recommending RBS and Barclays to shareholders.
Earlier, ABN Amro was formally backing Barclays' €67.5 billion ($92.07bn) takeover bid, but RBS-led consortium...
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