Commerce goes Canadian: purchase of quirky regional bank shows power of the "Loonie"

Article Abstract:

Toronto Dominion Bank has bought US mid-Atlantic bank Commerce Bancorporation Inc. in a cash-and-stock deal valued at $8.5 bil. Also, Royal Bank of Canada purchased RBTT Financial Group, a Caribbean-based financial services firm, for $2.2 bil after having bought Alabama National Bancorp in September for $1.6 bil, its largest US purchase.

Commercial Banks, Banking industry, Canada, Royal Bank of Canada, Toronto Dominion Bank, Commerce Bancorporation Inc., Alabama National Bancorp., CBH, ALAB

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J.P. Morgan quintuples bid to seal Bear deal

Article Abstract:

Because of shareholder opposition, J.P. Morgan Chase & Co. quintuples its bid to acquire financially-troubled investment bank Bear Stearns Cos. Morgan Chase is offering $10 per share in a deal worth $1.2 billion. Article discusses ongoing negotiations, possible acceptance of the offer, and government intervention in the acquisition.

Investment Banking and Securities Dealing, Forecasts, trends, outlooks, Investment Banking, Securities issued, listed, Security brokers and dealers, Investment banks, Forecasts and trends, Negotiation, mediation and arbitration, Capital market, Capital markets, Market trend/market analysis, Securities, Company securities, JPM, Bear Stearns Companies Inc., BSC, Company business forecast/projection, Company forecasts, JPMorgan Chase & Co.

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Highbridge sets role in energy with venture

Article Abstract:

Highbridge Capital Management, a subsidiary of J.P. Morgan Chase & Co. of the United States is to merge with the energy unit of the Louis Dreyfus Group of France. The mutual fund group is valued at $17 billion. The new synergy is to be named Louis Dreyfus Highbridge Energy L.L.C.

Management investment, open-end, Security and Commodity Services, Commodity contracts brokers, dealers, France, Mutual fund industry, Commodities industry, Company overview, Financial report, Highbridge Capital Management, Louis Dreyfus Group

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