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Bank of America to Acquire FleetBoston in Merger

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Bank of America to Acquire FleetBoston in Merger

Business

Bank of America to Acquire FleetBoston in Merger

Bank of America to Acquire FleetBoston in Merger

  • Download
  • <iframe src="https://www.npr.org/player/embed/1480687/1480688" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Bank of America is buying FleetBoston Financial, a major New England regional bank, for $47 billion. The acquisition would make Bank of America the second-largest financial institution in the nation, and analysts say it could signal a return to big mergers on Wall Street. Hear NPR's Chris Arnold.

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