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Latest MBNA Corp. Stories

2005-07-11 12:21:55

By Jonathan Stempel NEW YORK (Reuters) - A U.S. consumer group which has taken some credit for thwarting Citigroup Inc.'s merger ambitions on Monday said it opposes Bank of America Corp.'s purchase of MBNA Corp. because it might raise prices and reduce consumer privacy. Inner City Press is asking the Federal Reserve for public hearings on the $35 billion acquisition. In March, the Fed cited comments by the group, which is based in New York's borough of the Bronx and has faulted various...

2005-07-11 12:20:39

By Jonathan Stempel NEW YORK (Reuters) - A U.S. consumer group which has taken some credit for thwarting Citigroup Inc.'s merger ambitions on Monday said it opposes Bank of America Corp.'s purchase of MBNA Corp. because it might raise prices and reduce consumer privacy. Inner City Press is asking the Federal Reserve for public hearings on the $35 billion acquisition. In March, the Fed cited comments by the group, which is based in New York's borough of the Bronx and has faulted various...

2005-06-30 13:19:28

Please read in paragraph 3, "Ted Parrish, who manages theHenssler Equity Fund..." instead of "Ted Parrish, who managesthe $1 billion Henssler Equity Fund..." A corrected repetition follows. NEW YORK (Reuters) - Bank of America Corp. onThursday said it agreed to buy MBNA Corp. for about $35billion in stock and cash, making the No. 2 U.S. bank one ofthe world's biggest credit card issuers. The transaction will double Bank of America's card base,giving it more than 20 million new accounts...

2005-06-30 16:43:20

By Jonathan Stempel NEW YORK (Reuters) - Bank of America Corp. on Thursdaysaid it agreed to buy MBNA Corp., the biggest independentcredit card lender, for $35 billion, making the No. 2 U.S. bankone of the world's largest card issuers. The stock-and-cash transaction, which offered a premium of30.6 percent for MBNA, will more than double Bank of America'scard business, giving it 40 million cardholders and $143billion in card balances. Bank of America said the purchase will make it the...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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