Barclays shy of Gulf investors

Barclays interminable pursuit of ABN Amro rumbles on. Today, media reports say the Dutch bank has taken a neutral stance on Barlays bid, recommending neither Barclays nor rivals RBS.

The chase was enlivened last week with news that Barclays had turned to Chinese and Singapore investors for help. China State Development Bank and Singapore's Temasek Holdings agreed to provide up to $18.76 billion to juice a new, $93.1 billion counter-offer composed of 37% cash. The deal will see the China Development Bank take a 3.1% stake in Barclays, with Singaporean investment fund Temasek taking 2.1%; both will take a greater slice should the deal go through.

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