Since when IOUs are condisered securities? California has to put its act together. State bonds moved a step closer to junk status yesterday because of the budget mess, and a group of the biggest U.S. banks ; BofA (BAC), Citigroup Inc. (C), Wells Fargo & Co. (WFC) and J.P. Mor...
1995 was a record year of bank mergers with Chase Manhattan and Chemical bank combining to create the nation's largest bank, with $300 billion in assets and First Interstate and Wells Fargo creating a new giant on the west coast with over $100 billion in assets. 71.5% of U.S. banking ...