Mexico: central bank intervenes as peso drops

Article Abstract:

The Bank of Mexico reacted to the release of information that described Mexico's economy as still in a poor state by purchasing pesos to keep the currency stable. The purchases were made on Nov 9, 1995, and Nov 14, 1995. The government said the economic fears were unfounded.

Economic aspects, Economic policy, Central banks, Mexico, Currency devaluation, Devaluation (Currency), Peso (Mexico)

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Fleet to buy Shawmut in bank merger

Article Abstract:

Fleet Financial Group Inc announced on Feb 21, 1995, that it will purchase Shawmut National Corp for $3.4 billion in a stock-swap deal. The acquisition will make Fleet the ninth-largest bank holding firm in the US, with assets of $81 billion.

Banking industry, Bank holding companies, Quick and Reilly Inc., Shawmut National Corp., SHNA

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Royal Bank buys Royal Trustco

Article Abstract:

Royal Bank of Canada Mar 18, 1993, agreed in principle to buy the majority of the assets of Royal Trustco for $1.32 billion. Royal Trustco is a financial holding company in the Edper Bronfman family of companies.

Royal Bank of Canada, Royal Trustco Ltd.

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