SI
SI
discoversearch

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.
Technology Stocks : Y2K (Year 2000): Is Wall Street & Banking Vulnerable? -- Ignore unavailable to you. Want to Upgrade?


To: flatsville who wrote (25)5/29/1999 3:44:00 PM
From: flatsville  Read Replies (1) | Respond to of 158
 
This was the part that re: the Royal Bank that confused me...

"The bank is looking for a deal that lets it lease back the properties it now occupies." (they want to maintain a physical presence and unload that pesky real estate?)

"The bank also wants the buyer to offer jobs to bank employees affected by the sale." (a greatly reduced physical presence and they unload most of those pesky employees with all their pesky needs like a paycheck and a retirement plan?)

They want to find a sucker? (and soon before y2k?)