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Gold/Mining/Energy : Potential Bank Mergers Disapproval
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To: Ming who wrote (2)7/9/1998 8:17:00 PM
From: Famularo  Read Replies (1) of 4
 
Brokerage Houses are merging and can with time be bigger in assets than banks therefore, I would hope the government approve such a deal for banks... There are foreign banks, which are bigger than RBFG that are offering 7.5% interest rate on credit cards. It won't be long that people are going to transfer from the big five into these foreign banks. The banks ca not afford to reduce their fees right now, with a merger, they will be able to reduce their costs.... just my two cents worth.. regards Frank.....
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