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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 961 |
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(www.cnnmoney.com)
The banking behemoth has long had a voracious appetite for adding customers through acquisitions. Two weeks ago, Bank of America took a $3 billion stake in a Chinese bank. It spent last year digesting FleetBoston Financial as part of a takeover valued at $47 billion on the day it was announced...
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(www.cnnmoney.com)
In looking at the three preceding mergers it is obvious that they were all done to impact the financial well being of the companies. What is not apparent yet, but will be over time, is, was it worth it.
The acquisition of MBNA by Bank of America makes Bank of America the largest credit card issuer in the country...
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General points of the essay
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