Citigroup ‘studying ABN AMRO bid’

SOME executives within Citigroup are pushing for the US banking giant to make a bid for ABN AMRO, which is in discussions about a possible merger with Barclays.

Citigroup is studying whether to make a bid for ABN AMRO, the Netherlands’ biggest bank, and could make a hostile bid.

Barclays has clinched an exclusive agreement to negotiate with ABN AMRO and has drawn up a broad merger outline for a combined bank worth more than $166 billion (€124.8bn) that would be listed in London, headquartered in Amsterdam and have its two top jobs split.