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Bofa Threatens To Sue Abn For Three Gazillion Dollars

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by Felix Salmon
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Apr 30 2007 12:00am EDT

BofA Threatens to Sue ABN for Three Gazillion Dollars

If Barclays' John Varley does end up winning ABN Amro, he won't be able to say that he won the bank fair and square. His poison pill just got even more poisonous: Patrick Hosking in London reports today that Bank of America will sue ABN Amro for $220 billion if it doesn't get Chicago's LaSalle bank.

Of course, that number is so huge as to be meaningless, although Dana Cimilluca helpfully tells us it's "the equivalent of the gross domestic product of Greece". Has BofA hired Roy Pearson as a lawyer?

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