Friday, December 08, 2006
Barclays - Bank of America rumours again this morning
Barclays topped the FTSE 100 risers in early deals however, after Merrill Lynch reiterated its 'buy' recommendation and told clients that it believes Bank of America is lining up a potential bid for the UK bank.
"BAC has previously indicated that the next phase of its expansion is to become a leading global commercial and investment bank. In order to achieve that goal, we believe BAC is very interested in acquiring Barclays." The broker said in a research note published this morning.
"BAC has previously indicated that the next phase of its expansion is to become a leading global commercial and investment bank. In order to achieve that goal, we believe BAC is very interested in acquiring Barclays." The broker said in a research note published this morning.
