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U.S. Is Said to Be Urging New Mergers in Banking

Posted by Cheapsuits 1207 days ago, popular 1206 days ago (http://www.nytimes.com)
Category: Economy | Tags: bailout banking mergers economy
In a step that could accelerate a shakeout of the nation’s banks, the Treasury Department hopes to spur a new round of mergers by steering some of the money in its $250 billion rescue package to banks that are willing to buy weaker rivals, according to government officials.
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