Reject Citi-Associates Deal, Group Urges
American Banker (09/26/00) Vol. 6, No. 10 p.19; Canning, Eileen

A number of federal and state banking and insurance regulatory bodies have received petitions from community activists seeking to have the Citigroup acquisition of Associates First Capital blocked. The petitions from Inner City Press/Community on the Move say the deal should be blocked because a banking unit of Associates was rated "needs to improve" on its most recent Community Reinvestment Act evaluation, which could affect Citi due to provisions in the Gramm-Leach-Bliley Act.

Back   | Home   |  News Archive