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Posts Tagged “

Lasalle

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death to sockpuppets

Stay Out Of Our Comments, PR Douchebags

Regarding this morning's "Bank Of America Wins, Buys Chicago's LaSalle Bank," commenter "Stankwell," whose first and only comment went up today, wrote:

LaSalle customers should be happy. Among other things, they're gaining access to world-class online banking and a coast-to-coast branch and ATM network.

As to charitable giving: BofA is a monster — the good kind! Evidence shows that local donations go up considerably under the new regime. Ask any informed person in Boston or San Francisco.

Talking points much? Nice try. Seriously. You almost sound like a human. But no. BANNED.

9:02 PM on Wed Jul 18 2007
By Ben Popken
5,764 views, 121 comments

you can run but you can't hide

Bank Of America Wins, Buys Chicago's LaSalle Bank

Bank of American managed to fight off a hostile take over by the Royal Bank of Scotland to acquire LaSalle Bank from its parent company ABN Amro. The Dutch Supreme court has cleared the way for Bank of America and conversion seems all but inevitable for all of you LaSalle Bank customers. More »

11:17 AM on Wed Jul 18 2007
By Meg Marco
2,835 views, 24 comments

you can run but you can't hide

LaSalle Bank Deal Could Push Bank of America Over 10% Deposit Cap

There's a law in this country that prevents any one bank from holding over 10% of the insured deposits. If Bank of America manages to hold on to its deal to buy Chicago's LaSalle Bank, Bank of America would hold approximately 10.7% of deposits—about 5.1 billion dollars too much. More »

3:53 PM on Tue Jun 12 2007
By Meg Marco
1,056 views, 10 comments

banking

Bank Of America Threatens $220 Billion Lawsuit If It Doesn't Get LaSalle Bank

In what would be the largest lawsuit in the history of mankind, Bank of America has threated to sue LaSalle Bank's parent company if it fails to acquire the Chicago bank. Bank of America had a deal in place to buy LaSalle from its parent company ABN Amro, when a group of European bankers lead by the Royal Bank of Scotland stepped in with a hostile bid for the entire company. Just for some perspective on how ridiculously huge a $220 billion lawsuit is: More »

11:59 AM on Mon Apr 30 2007
By Meg Marco
1,726 views, 21 comments

Latest by Major-General: @Bourque77: Depends on whose acquisition occurs first. I would imagine it would be easier for European banks to buy another European bank than for an American bank, especially BoA, to buy an American branh of a European bank. I think the more »

banking

Bank of America May Not Get LaSalle Bank After All

Just when you thought the deal was done, another juicer offer comes along. The parent company of LaSalle Bank (the second biggest bank in the lucrative Chicago banking market) was just about to sell LaSalle to Bank of America—when from out of the sun came The Royal Bank of Scotland with an uninvited offer to take over all of LaSalle's parent company. Fight! From BusinessWeek (emphasis ours):
Now, however, a consortium led by Royal Bank of Scotland aims to upset that deal with an uninvited $98.6 billion takeover offer. The Scottish bank would keep LaSalle, while a couple of partners would carve up the remaining ABN Amro operations around the world (see BusinessWeek.com, 4/26/07, "The Making of a Monolith").
More »

1:59 PM on Sat Apr 28 2007
By Meg Marco
763 views, 3 comments

Latest by synergy: A juicer offer? So what, do they get a free juicer with every new account that's opened? Oh wait, maybe you meant juicIer... ;) more »