Friday, March 21, 2008

Wamu target for Chinese banks?

Many Chinese banks are flush with capital and aggressively seeking growth opportunities overseas. The strengthening RMB only makes a U.S. acquisition more appealing. Wamu, despite its potential liabilities, would seem to be a prime target. Why? Here's what Bill Virgin at the P-I has to say:



What would an acquirer get? An established retail banking, credit card and home-loan company with a network of 2,200 branches stretching from California to New York and Seattle to Miami.




Here's the entire article from the Seattle P-I.

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