In Brief

Evening Standard - London › May 10, 2004

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Summary

SunTrust of US agrees to Pounds 3.8bn bank takeover

IN the second major American bank deal in a week, Atlanta-based SunTrust Banks has agreed to acquire National Commerce Financial for almost $7 billion (Pounds 3.8 billion) in cash and stock.

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Extract

In Brief

Consolidation is taking place among US lenders and Royal Bank of Scotland last week said it would acquire Charter One Financial, b...

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