There were merger talks earlier this year between
Executives from both firms have long discusssed the idea of a friendly merger to create a giant global financial services firm that would offer banking, insurance and the sale of stocks and bonds. But The Boston Globe reported yesterday that the chief executives of the two firms, along with their M&A teams, had met in person several times over the past two months. But that talks ended three weeks ago, before any negotiations concerning price took place, The Globe reported.
- Some speculate that this may not be the end for talks, citing Fleet and BankBostons discussion of the matter over the past four years.
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