Barclay's Takeover Rumor of the Day: Bank of America

Posted by John Carney, Dec 08, 2006, 11:00am

Reuter's reports today on Merrill Lynch's analyst note:

Shares in Barclays (BARC.L: Quote, Profile, Research) climbed for a second day on Friday as speculation mounted that Bank of America (BAC.N: Quote, Profile, Research) could buy it, with a leading analyst saying there would be strong merit to a deal.

"We believe Bank of America is very interested in acquiring Barclays," Merrill Lynch said in a research note. "Bank of America has previously indicated that the next stage of its expansion is to become a leading global commercial and investment bank," it added, saying buying Barclays would help it achieve that goal.

We're not sure which would bother the Brit bankers at Barclays more: being owned by the Spanish or the Yanks.

Barclays up as Bank of America deal talk mounts [Reuters]

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Posted by dff, Dec 08, 2006 12:42PM

uhm, i'd put money on the Fwench ... or maybe the Germans ... or perhaps colonized by the Chinese :)

Posted by Bulging Bracket, Dec 08, 2006 4:30PM

From personal experience and "Alex" in the Telegraph, I'd go with the French, followed by the Yanks.

Ze Germans have been fairly copacetic, and fairly incompetent, while the Yanks have taken over the bloody place. Success, especially by striving ethnics, isn't a crowd pleaser in the City, especially by your double or triple barreled lock-jaw type.

Posted by Pelham, Dec 08, 2006 5:17PM

Are you referring to Alex's graduate trainee, the smug, hyper-qualified Eurotrash polyglot Christian?

I practically worship the paper Alex is drawn on.

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