Merger Market Scars Warned Many Off, But Skilled Stayed American Banker (08/02/00) Vol. 22, No. 49 p.2A; Kleege, Stephen
Introducing the American Banker's "M&A Midyear Review,"
project editor Stephen Kleege writes that bank merger activity in
this year's first six months continued to be slight. Chase's
deal to buy Robert Fleming Holdings was the biggest announcement
by any bank, and Kleege notes that this is a deal "to buy outside
the industry." However, analysts say Chase, Citigroup, and BB&T
seem poised for further deals, and the merger market appears to
have been picking up in the past few months.