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How Loyalty to Customers Led to Storied Bank's Fall.
- Source :
-
Wall Street Journal - Eastern Edition . 11/27/2010, Vol. 256 Issue 126, pB1-B3. 3p. - Publication Year :
- 2010
-
Abstract
- The article discusses circumstances that culminated in the sale of financial-services firm Wilmington Trust Corp. to rival M&T Bank Corp. in November, 2010. During the 1990s Wilmington began acquiring significant exposure to commercial loans through its purchases of local banks in Delaware. Many of these loans became troubled, and the bank proved reluctant to pressure borrowers.
- Subjects :
- *BANK mergers
*COMMERCIAL loans
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 256
- Issue :
- 126
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 55441875