Frank Barkocy
Frank Barkocy
currently engaged equals fit limited merger months next number odds percent players suggested third union year
They said the odds of First Union doing a merger of equals in the next 24 months is 10 percent or less, ... and in the third year it is probably about 33 percent. They suggested there are only a limited number of players out there that would fit with them and many of them are currently engaged in digesting their own acquisitions.
banks environment
In that environment banks should do well psychologically as well as fundamentally.
branches work
They'll have to do some work to get the branches up to snuff.
excited prospects somewhat terribly turned
Expectations for the brokers have turned somewhat more negative. We're not terribly excited about the near-term prospects for a lot of these stocks.
brought built strongest united
For an institution that was brought to its depths, Citigroup has built one of the strongest franchises in the world, not just the United States.
catalyst domino major market waiting
The market has been waiting for a major announcement like this to be a catalyst for more deals. There could be a domino effect.
actions costs degree difficult headline high lawsuits magnitude might potential risk
Today's actions were pretty well discounted and well telegraphed. It's much more difficult to ascertain what the magnitude of the potential costs from lawsuits might be. So there's still a high degree of headline risk for the brokerages.