December 2008
Las Vegas Business Press (10712186);12/15/2008, Vol. 25 Issue 50, pP15
This section offers news briefs from the business and economic sectors of the U.S. Economists surveyed by Bloomberg News believe that the slump in U.S. consumer spending will extend the economic recession and increase the jobless rate to the highest level. A report from Greenwich Associates claims that Bank of America Corp., JPMorgan Chase & Co. and Goldman Sachs Group Inc. will dominate investment banking after the collapse of credit markets. GMAC LLC, an auto and home lender, may abandon its effort to obtain federal to become a bank holding company.


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