The Year in Preview - Los Angeles Times
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
Loading...
Financial Services: The industry consolidation will continue, following this year’s mega-mergers, such as NationsBank’s $43-billion purchase of BankAmerica, Travelers Group’s $36-billion
acquisition of Citicorp and Norwest’s $32-billion purchase of Wells Fargo. The lines will blur among financial services, with more banks buying investment banks and with insurers, such as
State Farm and Prudential, applying for thrift charters. An example of the diversification may be Nordstrom, which aims to distribute private-label check cards and sell mortgage loans. MORE
TO READ