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Investment News, December, 2006
Merrill says BoA eyeing Barclays
Bank of America Corp. of Charlotte, N.C., may be about to make a bid for London's Barclays Bank PLC, creating the world's biggest bank, according to a research report released Friday by Merrill Lynch & Co. Inc. of New York.
The Merrill Lynch report said that Bank of America, the world's second-largest bank by market capitalization, could generate savings of up to $3 billion from a deal, in part by lowering corporate and staff costs, and the integration of the banks' credit card divisions.
New Dreyfus CEO, chairman appointed
Dreyfus Corp. of New York said Friday that its president and chief operating officer, Thomas Eggers, would succeed Steve Canter as chief executive when he retires Dec....
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