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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (41456)	3/17/2002 11:07:05 PM
From: puborectalis	Respond to of 99280

Bank of America Mulling Bid for Investment Bank, Observer Says By James Amott London, March 17 (Bloomberg) -- Bank of America Corp., the third-biggest U.S. bank, is considering making a bid of as much as $70 billion for a major investment bank, London's Observer newspaper reported, citing unidentified sources. The bank may be mulling an offer for, Merrill Lynch & Co., Goldman Sachs Group Inc., Credit Suisse Group's Credit Suisse First Boston and Morgan Stanley Dean Witter & Co., according to the paper. Bank of America's Chief Executive Officer Kenneth Lewis would be ``ready to talk'' to Credit Suisse if it were prepared to sell CSFB, the paper reported, without citing it sources. A fall in the value of banking stocks in the past two years makes it a good time for the Bank of America to beef up its investment banking business, the paper said.