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Fed cites Bankers Trust problems in NY bank takeover rejection
The Federal Reserve rejected Bankers Trust New York Corp.’s bid to acquire a small upstate bank citing financial difficulties at Bankers Trust. The Fed said the decision follows a long standing policy of denying takeovers of banks under financial pressure.
MENTIONED IN THIS ARTICLE
Steven Rattner
Y. Times
New York
Federal Reserve Board
Bankers Trust New York Corp
New York Bank
Fed
Bankers Trust
Federal Reserve
Bank of America
Citibank
First National Bank of Boston
Chase Manhattan Corp
Alfred Brittain 3d
The