Friday, December 08, 2006

...and not to be outdone...

Bank of America may buy Barclays to create world's top bank - MarketWatch: Following close on the Mellon/Bank of New York story, could it be BOA's moving in to trump BONY? This stuff is really heating up.

"Bank of America could be about to make a bid for U.K. retail and investment-banking group Barclays in a deal that would create the world's biggest bank, according to analysts at Merrill Lynch.
'Bank of America has previously indicated that the next phase of its expansion is to become a leading global commercial and investment bank. In order to achieve that goal, we believe Bank of America is very interested in acquiring Barclays,' the broker said in a note to clients. "

No comments:

Post a Comment