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Article: How Nimble Are You?
- Article from:
- Collections & Credit Risk
- Article date:
- May 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As serious trouble roils the financial markets in wake of the mortgage mess, a wave of bank mergers seems more and more likely. The recent near collapse of investment bank Bear Stearns punctuated the depth of the financial crisis. As Wall Street contemplates the question of who might fail next, Main Street faces a banking landscape poised for realignment.
Talk of bank takeovers is widespread as financial stock prices continue a decline. On March 17, the stock price of Washington Mutual, an often mentioned takeover target, hit a 52-week low of $9.11. Other banks on the takeover short list are National City and ...