The consolidation of the US financial industry continues, facilitated by the US tax payers.
Article calls this a rumor, we will see.
Via: 24 7 Wall Street
There is a rumor circulated on Wall St. that JP Morgan will take over Bank of America within the week. The government will support the deal with a $100 billion investment in preferred shares issued by the combined entity.
1 year agoAugust 24, 2011 Reblog