BoA eyes Barclays according to research note

Well it seems FinancialTech Insider was not wrong about Bank of America wanting to buy a European bank. But judging by this posting on a Financial Times blog, it is the UK's Barclays bank, which is the object of Bank of America's attentions.

Last week over lunch a source hinted at Bank of America still wanting to buy in Europe, to which I said, 'I suppose it is looking at a UK bank such as Barclays or Lloyds.' The source however, started steering me in the direction of a Spanish bank.

But according to the FT blog posting, a very confident Merrill Lynch research note seems to indicate that Barclays may be the favourite. Bank of America of course continues to remain elusive on the subject.