Royal Bank of Scotland and its consortium of investors plan to launch a hostile bid to take over ABN Amro, a couple of weeks after a Dutch bank blocked the sale of ABN Amro's Chicago-based LaSalle Bank to Bank of America.

            Offering 71.1 billion ($95.5 billion) euros for ABN Amro, the offer tops a previous offer from Barclays Plc, rumored to be between $70 billion and $80 billion and is contingent on the cancellation of the LaSalle sale to Bank of America.

            In terms of securitization, LaSalle Bank's considerable CMBS underwriting business would be a valuable asset to Bank of America. On the other hand, a takeover by Barclays is seen as a chance for the British bank to streamline ABN Amro's investment banking business, effectively repeating a transformation that it had undergone years ago.

            Either way, reports the Associated Press, a sale of ABN Amro would be the financial industry's largest ever.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.