Word: mergered
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...those shares yield no dividends until the government recoups its stake, which it will hold in non-voting preference shares. So no one is expecting many private takers, leaving the government shouldering around 60% of RBS. At Lloyds TSB and HBOS - rival U.K. lenders in the midst of a merger - plans to offer as much as $29 billion in fresh funds would give the government roughly 40% of the combined group...
...stock-market crash, when commercial banks with combined deposits of more than $80 million suspended payments. It reached critical mass in late 1930, when 608 banks failed - among them the Bank of the United States, which accounted for about a third of the total deposits lost. (The failure of merger talks that might have saved the bank was another critical moment in the history of the Depression...
...Tryon Street, the city is now the nation's No. 2 financial center behind New York City. In early September, Bank of America, the behemoth of North Tryon and the largest U.S. bank, swallowed the beleaguered investment firm Merrill Lynch, while Wachovia, its competitor on South Tryon, considered a merger with Morgan Stanley. And while the rest of the country is sinking, Charlotte is soaring, with 28 construction cranes downtown. It's got the nation's least-battered metropolitan-housing market, lowest office-vacancy rates and fastest-growing airport. It hosts the NBA's Charlotte Bobcats...
...Just yesterday came news that one other venerable investment bank, Morgan Stanley, was considering a merger with the commercial bank Wachovia...
...past couple weeks, a bad investment climate has turned into the worst financial crises in decades, forcing the bankruptcy of a major investment bank, the merger of one more, and a government bailout of Fannie Mae, Freddie Mac, and the American Insurance Group—pillars of American financial markets that have been teetering on the brink of collapse...