Friday, March 31, 2006

J.P. Morgan eyes Bank of New York branches

Report: J.P. Morgan eyes Bank of New York branches

J.P. Morgan reportedly is interested in acquiring as many as 300 Bank of New York Co. retail branches through a possible asset swap, the Wall Street Journal reports. If a deal comes to fruition, J.P. Morgan would gain an even stronger foothold in the competitive New York market. Both banks declined comment.

http://r.smartbrief.com/resp/dorAjjvHhYhJkFRisW

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