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ABN Deal on Hold

Stock quotes in this article: BAC , ABN , BCS  

A Dutch court froze Bank of America's (BAC Quote) planned $21 billion acquisition of LaSalle Bank, citing that a shareholder vote is needed.

Last week, in conjunction with ABN Amro's (ABN Quote) agreement to sell itself to U.K. banking company Barclays for around $91 billion, the Charlotte, N.C., lender agreed to purchase its U.S. retail banking business, Chicago-based LaSalle.

However the deal has been criticized by observers, since it will not require shareholder approval for the BofA deal. ...

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