Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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To: Asymmetric who wrote (1151)	9/29/2010 12:23:31 PM
From: tejek	of 1428

The biggest U.S. banks can't participate in the coming round of bank mergers because they are approaching or exceed regulators' 10% limit on the share of deposits a bank can hold nationwide when making an acquisition. Bank of America (BAC) controls 13% of deposits; Wells Fargo (WFC), 11%; and JPMorgan Chase, 9%. Mid-tier banks such as U.S. Bancorp, PNC and BB&T aren't close to that limit, however. Good. BAC stinks. Its my house lender and they are messed up. Plan to sell it out of my IRA soon.

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