2008-01
12 11:36:13BofA to pay $4.1B to buy Countrywide
CHARLOTTE, N.C. (AP) - 0111b--BoA--Countrywide
Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country's biggest mortgage lender and expands the financial services empire of the nation's largest consumer bank.
2008-01
12 09:51:39Bank M&A heats up amid subprime fallout
NEW YORK (AP) - The bank branch on the corner might be changing names -- again. Get set for the next wave of consolidation that could sweep through the nation's banking industry this year. Chief executives at some of the top regional players might be mulling deals to salvage businesses pummeled by the subprime mortgage market's collapse.