Barclays agrees GBP 45bn Dutch deal

Britain's Barclays bank has agreed to merge with Dutch bank ABN Amro. The £45bn (66bn euro; $90bn) deal will create one of the world's largest banks, with a total value of £94bn and its headquarters in the Netherlands. The companies said about 12,800 jobs would be cut as a result of the merger, while a further 10,800 jobs would be oved to low-cost locations. ABN has also agreed to talk to a consortium headed by the Royal Bank of Scotland (RBS) about a rival offer.

Read the full article by BBC News.


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