TITLE

Taxpayers beware: Mellon's takeover of Dreyfus paves a highway straight to the next bailout

AUTHOR(S)

McCrady, Norbert A.

PUB. DATE

December 1993

SOURCE

American Banker;12/21/93, Vol. 158 Issue 242, p16

SOURCE TYPE

Trade Publication

DOC. TYPE

Editorial

ABSTRACT

Opinion. Comments on the proposed merger between Mellon Bank Corp. and Dreyfus Corp. Lack of principles in the deal; Negative implications on cost of savings and loan bailout of commercial banks; Possible emergence of unbalanced competition resulting from the merger; Negative effects on small and medium-sized banks and investment companies.

ACCESSION #

9403230224

Tags: MELLON Bank Corp.;  DREYFUS Corp.

 

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