| TRADING CENTER |
NYSE said to scrutinize ABN tradingThe New York Stock Exchange is investigating trading that occurred around the time the bank held merger talks with Barclays, according to Wall Street Journal.LONDON (CNNMoney.com) -- NYSE Euronext is investigating trading in ABN Amro that occurred around the time when the Dutch bank announced it was in merger talks with British bank Barclays, according to a report in the Wall Street Journal. ABN (Charts) and Barclays (Charts) said on March 19 that they were discussing a combination of the two banks. According to the newspaper, ABN said it has received an inquiry from the New York Stock Exchange (Charts) "regarding transactions in our shares ahead of our merger announcement with Barclays." The ABN statement said the bank is cooperating fully with NYSE's request, according to the Journal. ABN has agreed to a takeover by Barclays worth about $86 billion, but a consortium of three banks is offering a rival bid valued around $97 billion, which would make the ABN takeover the biggest banking buyout ever. |
|