Link Details

Link Details 

Submit RSS | Latest Links | Top Hits | 
 
News Finder » Listing Details
ID: 34844
Title: Bank of America to buy ABN's LaSalle (Reuters)
Description:

Taxis pass the Bank of America branch in New York's Times Square in this June 30, 2005 file photo. Bank of America Corp. agreed to pay $21 billion for ABN Amro Holding NV's LaSalle Bank Corp. unit, filling a big hole in its nationwide branch network by becoming Chicago's largest bank, and also becoming the biggest bank in slower-growing Michigan. (Shannon Stapleton/Reuters)Reuters - Bank of America Corp.'s agreement to buy ABN AMRO Holding NV's LaSalle Bank Corp. unit for $21 billion is a pricey bet that it can energize a franchise operating in Chicago, one of the hottest U.S. banking markets, and in Michigan, one of the weakest.


Category: Business/
Link Owner:
Date Added: April 24, 2007 12:27:51 AM
Number Hits: 0