Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (2455)	12/12/1998 2:55:00 PM
From: MrGreenJeans	Respond to of 15132

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)