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]