BankAmerica/NationsBank Merger Could Propel New Bank Into Top 10
BANKS
SAN FRANCISCO--Last Monday's $133 billion deal between BankAmerica Corp and NationsBank--to form a new BankAmerica--could propel the merged entity firmly into the top 10 category of global FX providers on the back of the combined treasury strengths of Bank of America's (BofA) international FX business and the solid domestic position of NationsBanc-CRT, say market observers.
"The sheer volume of numbers will shore up BofA's position in the global FX market," says one Chicago-based official.
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