Busy Bank of America loads up on challenges

Article Abstract:

BankAmerica Corp. of the United States is to acquire MBNA Corp. for $35 billion. The banking giant is also busy with the integration of FleetBoston Financial Corp. which it purchased for $47 million last year. Also, BankAmerica Corp. has acquired a $3 billion stake in a banking interest in China with promises of loans for restructuring, as of last month.

Commercial Banks, Management dynamics, Banking industry, Management, Company Profile, Company business management, BankAmerica Corp., MBNA Corp.

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Lehman appears to advance talks to acquire Neuberger

Article Abstract:

Lehman Brothers Holdings Inc. is engaged in advanced talks for the acquisition of Neuberger Berman Inc. Lehman wants to acquire Neuberger for approximately $3 billion (2.6 billion euros) in cash and shares.

Strategy & planning, Security and Commodity Services, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Planning, Securities industry, Lehman Brothers Holdings Inc., LEH, Company business planning, Investment management, Neuberger Berman Inc.

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