Mega merge on Barclays and ABN Amro.

According to internet news, Barclays and ABN Amro will merge together as one company, this merge will be a mega merge. why is a mege merge? I have search the information on Barclays and ABN Amro below.

Barclays PLC
Barclays PLC is the largest bank in the world by total assets ($1.59 trillion), the 14th largest in the world by Tier 1 capital ($32.5 billion), and the 15th largest in the world by Market capitalization ($71.6 billion).[citation needed] It is the third largest bank in the United Kingdom based on assets.


ABN AMRO
ABN AMRO ranks eighth in Europe and 13th in the world based on total assets, with more than 4,500 branches in 53 countries, a staff of over 110,000 full-time equivalents and total assets of EUR 999 billion (as at 30 September 2006).

The bank has developed a strategy of having three home markets: The Netherlands, the United States, and Brazil. The U.S. commercial banking operations of ABN AMRO consist of LaSalle Bank in Chicago, Illinois and LaSalle Bank Midwest in Detroit, Michigan which operate under the name LaSalle Bank Corporation. LaSalle Bank Midwest is the former Standard Federal Bank, which changed its name on September 12, 2005. ABN AMRO also operates ABN AMRO Mortgage Group, one of the leading mortgage servicing companies in the US. In Brazil, ABN AMRO's subsidiary is Banco Real. Banco Real recently completed an acquisition of Sudameris, a peer bank in the Brazilian market.

Just take note both size of the company is huge!