Bank Mergers and Competition in the Banking Industry
Wachovia Corp. has consented to purchase rival SouthTrust Corp. Hibernia Company acquired Coastal Bancorp, Inc. J.P. Morgan Chase & Co. tipstotradebtc is removed to take in Financial institution One Corp . Whew! Financial is no more boring. The Chase merger will form the second-largest financial institution in the USA, with $1.12 trillion in possessions. For…