Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

PREMIUM NEWS ARCHIVE

LaSalle Bank to be sold in $21 billion deal.

Article from: Chicago Tribune (Chicago, IL) Article date: April 23, 2007

Byline: Becky Yerak and John Schmeltzer

Apr. 23--Bank of America, the nation's second-largest bank, announced today it is buying LaSalle Bank for $21 billion in a deal that would reshape the Chicago banking scene and possibly lead to a name change, according to people familiar with the deal. The sale of Chicago's second-largest bank is being triggered by the acquisition of LaSalle's Dutch parent, ABN Amro, by the British bank Barclays PLC for $91.16 billion. In addition to the 140 Chicago-area branches, LaSalle ...

Read full article   (with a Free Trial at HighBeam Research)
Newser gathers stories from across the web and packs what you need to know into about 120 words. Check out these stories related to your search.
Visit our grid for the latest news.

Related Newser Stories

RBS Consortium Renews Bid
for ABN Amro

$96B offer dwarfs Barclays proposal,
but legal woes persist

May 29, 07 9:02 AM CDT
(Newser) - Refusing to take no for an answer, a coalition led by Royal Bank of Scotland today submitted a renewed $95.6 billion bid for ABN Amro. The offer overshadows a competing $86 billion offer from Barclays, but legal wrangling over the sale of LaSalle Bank continues to bog down the... More »

MORE ABOUT:
Barclays • ABN AMRO • Royal Bank of Scotland • LaSalle Bank • merger • bank • acquisition

 Nationalization Looms for 
 Royal Bank of Scotland 

Lack of faith in government's bank bailout plans sparks investor stampede

Jan 20, 09 4:51 AM CST
(Newser) - One of Britain's biggest banks is on the verge of nationalization, reports the Daily Telegraph. The Royal Bank of Scotland's shares plummeted more than 65% yesterday after it revealed massive losses of $56 billion for 2008—the highest in British history. The government has upped its stake in the bank... More »

MORE ABOUT:
United Kingdom • Royal Bank of Scotland • nationalization • bank • Britain • bailout • financial crisis

Britain Now Owns Majority Share of RBS

Failed rights issue leaves banking giant in taxpayer hands

Nov 28, 08 6:44 AM CST
(Newser) - The Royal Bank of Scotland, one of the giants of British banking, confirmed today that taxpayers now own a majority share following a $30 billion government bailout, reports the Guardian. The country's No. 2 bank failed to raise sufficient cash via a $22.5 billion rights issue, with only 1... More »

MORE ABOUT:
United Kingdom • Royal Bank of Scotland • bank • Britain • stock offering • bailout

UK Buys Up Bank Shares in Radical Bailout

Cost of drastic
rescue package
could top $800B

Oct 8, 08 4:29 AM CDT
(Newser) - The British government will become part owner of the nation's biggest banks with a mammoth $88-billion rescue package for the troubled institutions, the Wall Street Journal reports. Under the plan, swiftly assembled after UK bank stocks plummeted in trading yesterday, the government will purchase non-voting shares in eight of the... More »

MORE ABOUT:
United Kingdom • Barclays • Gordon Brown • bank • credit crisis • Britain • Alistair Darling • bailout • financial crisis