Mergers, when they become official, are seldom news, since almost invariably they are preceded by weeks, months of rumors. Last week saw mergers planned, mergers rumored, mergers denied, mergers accomplished.
Guaranty-Commerce. The largest merger rumor, persisting over many denials, related a forthcoming union between Guaranty Trust Co. and National Bank of Commerce, both of Manhattan. Should this rumor—which has proceeded to the "reliably informed" and "authoritative sources" stage—be true, the resulting combination would constitute the world's largest bank. Guaranty Trust has resources of $1,052,000,000; National Bank of Commerce...
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