The Brazilian bank, Investimentos Itau, has acquired the Latin America private banking business from the Dutch banking group, ABN Amro, for the sum of $3.3 billion (€2.42 billion). The operation comes as the ABN Amro group is undergoing talks with the British company, Barclays, with a view to merging. The Dutch group has also received an offer from a consortium comprised of the Royal Bank of Scotland, the Spanish bank, Banco Santander, and the Belgian-Dutch bank, Fortis, on the opening of...