Bank of America wins Fed OK of LaSalle purchase
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Bank of America Corp  on Friday said it has won approval from the U.S. Federal Reserve for its $21 billion acquisition of LaSalle Bank Corp from Dutch bank ABN AMRO Holding NV .
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CHARLOTTE, NC | A successful integration with FleetBoston Financial Corp. and declining business in mortgages has led Bank of America Corp.
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Stronger financial institutions are purchasing weaker ones. Case in point: Bank of America has announced it will purchase Countrywide Financial.
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The Dutch Supreme Court is set to rule on whether ABN Amro can sell LaSalle to Bank of America.
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Bank of America Corp. BAC.N, the No.  3 U.S. bank, on Tuesday said fourth-quarter profit rose 41  percent, helped by growth in consumer banking fees and its  purchase of FleetBoston Financial Corp.
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The Fed makes billions of dollars available to banks in an auction hoping to ease credit-crunch concerns.
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Federal regulators on Tuesday allowed US mortgage finance giants Fannie Mae and Freddie Mac to buy larger individual mortgages next year following a jump in home prices
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The deal will bolster Bank of Americaâs position in the mortgage market while rescuing Countrywide from possible bankruptcy.
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Shareholders of Spain's largest bank, Banco Santander Central (SCH), overwhelmingly approved the 8.5-billion-pound (12.3-billion-euro, 15.3-billion-dollar) takeover of British mortgage bank Abbey National.
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Capital One Financial Corp.  said on Friday it completed its $13.2 billion purchase of North Fork Bancorp Inc., becoming the 11th-largest U.S. banking company and third-largest retail bank by deposits in the New York metropolitan area.
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Bank of America Corp , the second-largest U.S. bank, is in advanced talks to buy Countrywide Financial Corp , the largest U.S. mortgage lender, people familiar with the matter said on Thursday.
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Aug 19 - Over 1,500 bank tellers and other employees at Fleet bank branches across the US were given pink slips yesterday as Bank of America wraps up its $48 billion April 2004 merger with FleetBoston Financial, according to the Boston ...
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Bank of America Corp  said it  will lay off about 2,500 workers in Illinois and 1,500 in  Michigan over the next two years in connection with its $21  billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO  Holding NV .
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Federal antitrust regulators have cleared Cerberus Capital Management's $7.4 billion purchase of Chrysler.
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Toronto-Dominion Bank has sealed its $3.8-billion (US) deal for Banknorth Group Inc., an acquisition meant to set the stage for rapid US expansion and make TD a more attractive
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Bank of America agrees to buy the troubled mortgage lender for ''bargain-basement'' price of around $4 billion.
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Bank of America Corp. (BAC.N: Quote, Profile, Research) , the No. 3 US bank, on Thursday said third-quarter profit rose 29 percent, helped by its purchase of FleetBoston Financial Corp.