11 January 2008 21:45
Service Employees International Union Says No to Bank of America Countrywide Deal
The nation’s fastest-growing union, the Service Employees International Union, calls the combination of the United States’ largest mortgage lender with largest bank when both institutions are facing mounting losses and potentially destabilizing risks bad for consumers, bad for business, and bad for America.
Bank of America Agrees to Purchase Countrywide Financial Corporation
Bank of America Corporation has announced a definitive agreement to purchase Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion.
1
(2 marks)
