(Bloomberg) -- Barclays Plc Chief Executive Officer John Varley may have Bank of America Corp. to thank for his $91 billion acquisition of ABN Amro Holding NV.
Just a week ago, Varley was at risk of losing Amsterdam- based ABN Amro to Royal Bank of Scotland Group Plc. A defeat for Varley would have left Barclays, the third-largest U.K. bank, vulnerable to a takeover, said Howard Wheeldon, senior strategist at BGC Partners, a London-based brokerage firm.
Read more at Bloomberg Currencies News
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