Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Diamond Jim who wrote (8824)	12/12/1998 2:53:00 PM
From: MrGreenJeans	Read Replies (1) of 42834

Federal Reserve Sought Buyers for Bankers Trust, Magazine Says New York, Dec. 11 (Bloomberg) -- The U.S. Federal Reserve tried to line up buyers for Bankers Trust Corp. before Deutsche Bank AG announced on Nov. 23 that it was negotiating to buy the eighth-largest U.S. bank, The Economist reported, citing three unidentified banking sources. The Fed denied the report through a spokesman who said, ''We're not in the brokering business.'' The Fed talked to Chase Manhattan Corp., BankAmerica Corp. and J.P. Morgan & Co. about making a bid for Bankers Trust, the magazine said. Deutsche Bank AG's $10.1 billion takeover of Bankers Trust, which would create the world's biggest financial services company, is expected to be complete by next year's second quarter, according to Bankers Trust Chairman Frank Newman. (Economist, 12/12-18, www.economist.com)

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