BUSINESS

Biggest Bank Merger Ever Set To Close For $101 Billion

03/28/2008 02:45 am ET | Updated May 25, 2011

The biggest banking deal ever is likely to conclude today, resulting in the dismemberment of one of Europe's largest banks.

The significance of the deal goes beyond its $101 billion price tag and the demise of 183-year-old ABN Amro Holding NV of the Netherlands. Depending on how the buyers fare, it could become either a symbol of the overexuberance seen in the recent mergers-and-acquisitions boom, or -- as some investment bankers hope -- a precedent for tackling breakups of big companies.

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