Bank of America is unlikely to re-enter talks with RBS over LaSalle, ABN Amro’s US operation, unless it believes the Dutch Supreme Court will uphold the decision of the lower court, a source familiar with the situation speculated.
Another person also suggested the fact that RBS failure to strike a deal with BoA indicates that BoA believes the decision by the Enterprise Chamber to put the LaSalle sale to a shareholder vote will not be upheld.
The person added that the Enterprise Chamber judge – who is viewed as a shareholder friendly liberal - has a history of having his rulings overturned by the Supreme Court.
It will be interesting to see how this turns out, do check out the article, its an great read and very informative.
