Bank of America to Buy MBNA in $35B Deal
CHARLOTTE, N.C. - Bank of America Corp. on Thursday said it will acquire MBNA Corp. in a $35 billion cash and stock deal that will result in 6,000 jobs cuts but transform the nation's third-largest bank into one of the world's largest credit card issuers. ...
After the deal is completed, Bank of America will have 40 million active credit card accounts, making it one of the leading worldwide payments-services companies and issuers of credit, debit and prepaid cards based on total purchase volume, Lewis said. ...
The merger also gives MBNA a more powerful distribution channel, Hammonds told analysts.
"We can solicit (nationally) through the mail, but we don't have personal contact with potential customers," he said. "Bank of America has that contact." ....
As if the Bank of Avarice (Absurdity, Airheads, Assholes, All-Your-Money or what ever "A" you want to use) didn't already have enough power! Satan is truly incarnate in this world people... and he is A BANK. THIS IS PROOF!!!!
Why do I still have an account with this evil organization? Why? Because they have a lot of atms that's why. And because I'm used to being in an abusive financial relationship... but there's hope for all of you!! Join a credit union my brothers and sisters before it's too late!!!!
I'm going to go cut up my credit cards and beat myself with reeds now.
5 comments:
Thank goodness for Wells Fargo here in Texas. BA incarnates much that is evil in this world..
yeah, I was thinking Credit Union before I got down to that bit in your post. We don't have Mom and Pop banks like you do in the states. All our banks are like Bank of America, that is they're all national, which is nice. I remember being down in Califoria and we had to rove around TRYING to find some bank that would exchange Canadian currency. That would never happen in Canada. That having been said, it is true that the only reason Banks exist is to make themselves wealthy and customer service is out of Bombay and won't be able to change anything anyway. GO CREDIT UNIONS! At least if they say no it's someone you can look at who actually has the authority to say no. Not some corporate policy being decided on by some dick in Toronto two thirds of the the continent away. The Royal Bastards of Canada(stick bank in for the B word) are my most reviled bank. When I was 12 they started charging transaction fees on the kiddy accounts for EACH transaction. Some kid who wants to put $5 in his account is gonna have to pay $1 service charge for the privelege. That sure screwed them out of my patronage for life. That and when I cancelled my account they didn't ask me why, the guy just picked up a big pair of scissors and cut my card in half and walked away. Real smooth. Ok, I'll stop ranting now.
By the way... Good to see you're still out there. I was afraid we were going to have to send Blog Search and Rescue out after you if you didn't turn up.
Shayne - Every time BofA screws us we swear we are going to go to Wells Fargo but we don't. We're just too lazy.
Graham- Actually I do have a credit union account but it's in New Jersey. So I need to get one out here. Maybe I can wean myself off big banks.
Jacob - I boycotted citibank for 10 years cause they were bastards to me when I lost my job and wanted to make special payment arrangements -- or at least I thought I boycotted them. Then I realized my Universal Mastercard was basically owned by citibank. anyways.
they own EVERYTHING so you can't transfer balances to save on interest. Asses.
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