Industry speculation on the real purpose behind the formalisation of the ABN Amro-Mellon joint venture is focusing on the possibility that it is a prelude to a bid for what is left of Deutsche Bank Global Securities Services. If so, there are some oddities to explain. The severely depleted US business Deutsche acquired from Bankers Trust would presumably go to Mellon rather than ABN Amro Mellon. A bid for the European business would be complicated by the ABN Amro veto on losing any Dutch clients to the joint venture. And isn’t ABN Amro in retreat from Asia?
Will ABN Amro-Mellon Bid for Deutsche
Industry speculation on the real purpose behind the formalisation of the ABN Amro Mellon joint venture is focusing on the possibility that it is a prelude to a bid for what is left of Deutsche Bank Global Securities Services. If