Midland, Hongkong Shanghai Set To Marry But Expected To Keep Separate Bedrooms
BANKS
The proposed buyout of Midland Bank by Hongkong Shanghai Banking Corporation will likely involve much less integration between treasury operations and fewer layoffs among traders than if Lloyds Bank had bought the troubled U.K. institution, analysts and market participants surveyed say. In fact, some knowledgeable observers say the two banks may well remain separate for most purposes.
Little has been decided yet about the structure of the merger, say bank officials. While the negotiations
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