The crisis in the credit markets has renewed concerns about the Royal Bank of Scotland-led consortium’s financing of its €71bn (£48.2bn) offer for ABN Amro.

Hedge funds are believed to have sold their holdings in ABN amid fears that the consortium’s €66bn cash raising could be jeopardised if market problems persist.

The RBS bought 3% of ABN’s stock at well below its offer price. However, despite this apparent display of confidence in the consortium's €38.20 a share offer, ABN's shares ended last week at €33.57.