The head of Barclays sold shares in the bank to prove that Bank of America had made no bid, nor was it likely to. He could not sell of he had knowledge of a buy-out offer.
According to Reuters: "We believe Bank of America is very interested in acquiring Barclays," Merrill Lynch said in a research note.
Perhaps Merrill banking analysts Edward Najarian, John-Paul Crutchley and Brian Bedell will get a good flogging tonight. Somone should
Douglas A. McIntyre can be reached at email@example.com. He does not own securities in companies that he writes about.