Friday, June 13, 2008

Will Banks Buy in the US?

Reuters, Lynne Olver, 13 June 208Canada's big banks have weathered the credit crunch in relatively good shape and should swoop in to buy some ailing U.S. banks, observers say.Royal Bank of Canada, the country's largest bank, and Bank of Montreal, the fifth largest by market value, are best positioned to make U.S. acquisitions, CIBC World Markets analyst Darko Mihelic said on Friday in a research

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