Bank of America shelves ABN AMRO lawsuit
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Bank of America Corp  has shelved plans to take ABN AMRO NV  to court, preferring to wait until the Dutch Supreme Court rules on the Dutch bank's sale of its U.S. unit, a Bank of America spokesman said on Friday.
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A number of HR staff at investment bank ABN Amro are to lose their jobs as part of a cull of 2,850 employees at the group. About 1,100 jobs will go in investment banking, 1,200 will be lost in IT and 550 will go in HR, the company announced today.
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Barclays will continue its move for ABN Amro despite a share price slump wiping billions off its bid, reports say.
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American Express Co. has filed suit against Visa, MasterCard and eight major banks alleging anti-competitive practices. Banks named in the suit include Bank of America, US Bancorp, JP Morgan Chase, Capital
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ABB said it was âawareâ of the ruling, but remained confident that a settlement would be reached. âABB is naturally surprised and disappointed at todayâs decision, but remains confident that it can resolve.
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THE HAGUE, Netherlands -- ABN Amro's sale of its U.S. arm LaSalle to Bank of America was lawful, the Dutch Supreme Court ruled Friday _ overturning a lower court's move blocking the sale and making the $21 billion sale virtually certain to succeed.
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Dutch bank ABN Amro, at the centre of the biggest takeover in the banking industry, on Sunday confirmed its neutral stance on the rival bids of British bank Barclays and the three-bank consortium led by Royal Bank of Scotland.
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Dutch bank ABN AMRO can go ahead with  its $21 billion sale of U.S. subsidiary LaSalle Bank to Bank of  America, the Dutch Supreme Court said on Friday, boosting the  chance that Barclays could succeed in its all-share bid to buy  ABN for 64 billion euros ($88 billion).
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AMSTERDAM - ABN Amro's boards will not recommend either of the two rival takeover bids the Dutch bank has received, they told shareholders yesterday.
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Bank of America Corp  said it  will lay off about 2,500 workers in Illinois and 1,500 in  Michigan over the next two years in connection with its $21  billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO  Holding NV .
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By Christopher Hope, Business Correspondent (Filed: 30/12/2004). Deutsche Bank, the German banking giant, yesterday said it has filed a motion with a US court to dismiss a claim for bankruptcy protection by Russian oil giant Yukos.
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Biovail Corp  has agreed to drop a former Banc of America Securities analyst and the bank itself as defendants in a lawsuit accusing nearly two dozen parties of conspiring to drive down its stock price, the New York Post reported in its online edition on Monday.
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Bank of America Corp. has closed eight offices of FleetBoston Financial Corp.'s brokerage arm, Quick &amp; Reilly, as it prepares to merge the operation with its own brokerage, a spokesman said. Quick &amp; Reilly, which will change its name to Banc of America Investment Services Inc. in October, had about 100 US offices and operations in Fleet's bank branches. Bank ...
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Royal Bank of Scotland  said it was not in talks with Bank of America  regarding an attempt to resolve the purchase of LaSalle Bank, the U.S. arm of ABN AMRO which is a subject of dispute in the proposed RBS buyout of ABN.
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Bank of America is backing away from âHigher Standardsâ â at least in its new national advertising campaign.
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A federal judge in New York dismissed a human rights suit yesterday against 35 major corporations that did business in South Africa under apartheid, dealing a blow to rights lawyers who have
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LONDON/AMSTERDAM  - A consortium led by Royal Bank of Scotland on Monday kept its offer to buy Dutch bank ABM AMRO at 71.1 billion euros ($97.9 billion) but raised the amount of cash it is offering after having to exclude ABN's U.S. arm from the purchase.