Lehman’s Ship Sinking; Bank of America Acquiring Merrill Lynch

In what is one of the most fantastic days in modern financial history, Lehman looks to be headed into bankruptcy as potential suitors Barclays and Bank of America have walked away. Meanwhile, Bank of America has reached an agreement to acquire Merrill Lynch.

These two moves likely won’t be the last as attention will likely next turn to Washington Mutual in the coming next week or two. Attracted to Washington Mutual’s strong and well-located branch network, it’s likely a suitor will be found to take over. My money is on JP Morgan Chase to do that deal.

Similar Posts:

• JP Morgan to Acquire Washington Mutual Assets
• How Things Change So Quickly; Wachovia Goes to Citi
• Biggest Banks Likely Beneficiaries
• Jones Lang LaSalle (JLL) Acquiring Staubach for $735M
• Bailout At The Pump: Secret Deal to Bail Out The Financials

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