Storm damage

ABN Amro just got a feel of the market’s cold shoulder. Until now, the Dutch bank’s stock has been underpinned by competing bids from Barclays and the Royal Bank of Scotland consortium. But its 11% drop at one point on Friday temporarily landed it far below the value of either bid. It looks like ABN shareholders are losing faith in either suitor pulling through. Sure, some of ABN’s drop can be put down to damage from the market storms. Some hedge funds, holed by credit market turbulence, have b...