Word: mergersâ
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Merger Muddle. Even in cases where Saxon and the Fed have approved bank consolidations, eager Justice Department trustbusters?though the law gives them no clear authority to prevent bank mergers???have tried to stop them. Justice has filed test cases against the proposed marriage of Continental Illinois National Bank and the City National Bank in Chicago, against the merger of the Philadelphia National Bank and the Girard Trust, and against that of the First National Bank and Security Trust Co. of Lexington...
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