Monday, April 23, 2007

Okay, so the Barclays Chicago Marathon is now the Bank of America Chicago Marathon? Or not so fast, my friend?

So, ABN is merging into Barclays but selling off LaSalle to B of A. Assuming it goes through, Maybe this merger is good in terms of corporate citizenship, but I still wonder what happens to the good old fashioned middle market customer? Will they be put off by the mighty Bank of America? Only time will tell. And will Northern Trust continue to stay "undiluted by merger"? Aside: I still miss the LaSalle land trust department (sold off, alas, to Chicago Title) and my old friends there.

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