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Bank Bid Sparks Talk of Who's Next.

Authors :
Van Hasselt, Caroline
Smith, Randall
Drovak, Phred
Source :
Wall Street Journal - Eastern Edition. 12/18/2010, Vol. 256 Issue 144, pB1-B2. 2p.
Publication Year :
2010

Abstract

The article reports that Canadian financial-services firm Bank of Montreal (BOM) announced it will acquire U.S. rival Marshall & Ilsley Corp. , a development prompting speculation that other regional banks in the U.S. could become buyout targets as well. As part of the deal BOM will repay the $1,7 billion Marshall borrowed from the U.S. Troubled Asset Relief Program (TARP).

Subjects

Subjects :
*BANK mergers
*REGIONAL banks

Details

Language :
English
ISSN :
00999660
Volume :
256
Issue :
144
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
56442044