Merger Rumours Continue Unabated In N.Y. With Latest Focus On NatWest
BANKS
Merger talk continues to abound in New York, fresh on the heels of such announcements as the Chemical/Chase, First Chicago/NBD Bank and First Union/First Fidelity deals. Several rumours have circulated the market in recent weeks about mergers between such banks as Bank of America, Bank of New York and NationsBank, but among the more persistent is one that the USA unit of National Westminster will be sold.
Earlier this year, sources close to the bank said NatWest abandoned plans to merge its U.S
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