The FDIC approves bank mergers.
For profit. To make money.
There have been numerous banks that have been acquired by or merged with larger banks because of the economic crisis. Actually bank mergers have been common in USA since the early days of banking. Some of the notable mergers are: a. JP Morgan Chase acquired Bear Stearns - 2008 b. Bank of America acquired Merrill Lynch - 2008 c. JP Morgan Chase acquired Washington Mutual - 2008 d. Wells Fargo acquired Wachovia Bank - 2008 e. M & T Bank acquired Provident Bank of Maryland - 2009 f. M & T Bank acquired Bradford Bank - 2009 g. M & T Bank acquired Wilmington Trust - 2011
There have been numerous banks that have been acquired by or merged with larger banks because of the economic crisis. Actually bank mergers have been common in USA since the early days of banking. Some of the notable mergers are: a. JP Morgan Chase acquired Bear Stearns - 2008 b. Bank of America acquired Merrill Lynch - 2008 c. JP Morgan Chase acquired Washington Mutual - 2008 d. Wells Fargo acquired Wachovia Bank - 2008 e. M & T Bank acquired Provident Bank of Maryland - 2009 f. M & T Bank acquired Bradford Bank - 2009 g. M & T Bank acquired Wilmington Trust - 2011
There have been numerous banks that have been acquired by or merged with larger banks because of the economic crisis. Actually bank mergers have been common in USA since the early days of banking. Some of the notable mergers are: a. JP Morgan Chase acquired Bear Stearns - 2008 b. Bank of America acquired Merrill Lynch - 2008 c. JP Morgan Chase acquired Washington Mutual - 2008 d. Wells Fargo acquired Wachovia Bank - 2008 e. M & T Bank acquired Provident Bank of Maryland - 2009 f. M & T Bank acquired Bradford Bank - 2009 g. M & T Bank acquired Wilmington Trust - 2011
George Robert Hall has written: 'Bank mergers & the regulatory agencies' -- subject(s): Bank mergers, Banks and banking, State supervision, United States
The FDIC approves bank mergers.
The responsibility of the Federal Reserve Bank of New York with regard to proposed bank mergers is to resolve issues emerging from such mergers.
For profit. To make money.
Mergers and decreasing numbers of banks
John B. McCoy has written: 'Bottomline banking' -- subject(s): Banks and banking, Bank management, Customer services, Bank mergers, Securities processing, Bank loans
There have been numerous banks that have been acquired by or merged with larger banks because of the economic crisis. Actually bank mergers have been common in USA since the early days of banking. Some of the notable mergers are: a. JP Morgan Chase acquired Bear Stearns - 2008 b. Bank of America acquired Merrill Lynch - 2008 c. JP Morgan Chase acquired Washington Mutual - 2008 d. Wells Fargo acquired Wachovia Bank - 2008 e. M & T Bank acquired Provident Bank of Maryland - 2009 f. M & T Bank acquired Bradford Bank - 2009 g. M & T Bank acquired Wilmington Trust - 2011
because
Andreas R. Dombret has written: 'European retail banks' -- subject(s): Banks and banking, Selling 'M&A in the European banking industry' -- subject(s): Case studies, Banks and banking, Bank mergers
In 1991 Brixner and GZ Bank had declined merger possibilities, but during the following years it became clear that a merger of Germany's top cooperative banks would be beneficial.
There have been numerous banks that have been acquired by or merged with larger banks because of the economic crisis. Actually bank mergers have been common in USA since the early days of banking. Some of the notable mergers are: a. JP Morgan Chase acquired Bear Stearns - 2008 b. Bank of America acquired Merrill Lynch - 2008 c. JP Morgan Chase acquired Washington Mutual - 2008 d. Wells Fargo acquired Wachovia Bank - 2008 e. M & T Bank acquired Provident Bank of Maryland - 2009 f. M & T Bank acquired Bradford Bank - 2009 g. M & T Bank acquired Wilmington Trust - 2011
There have been numerous banks that have been acquired by or merged with larger banks because of the economic crisis. Actually bank mergers have been common in USA since the early days of banking. Some of the notable mergers are: a. JP Morgan Chase acquired Bear Stearns - 2008 b. Bank of America acquired Merrill Lynch - 2008 c. JP Morgan Chase acquired Washington Mutual - 2008 d. Wells Fargo acquired Wachovia Bank - 2008 e. M & T Bank acquired Provident Bank of Maryland - 2009 f. M & T Bank acquired Bradford Bank - 2009 g. M & T Bank acquired Wilmington Trust - 2011