A possible banking mega-deal is the talk of Wall Street today. Merrill Lynch is apparently telling clients that Bank of America is interested in acquiring Britain’s Barclays -- a move that would make Bank of America the world's largest bank. To some--the merger makes a lot of strategic sense because of the synergies both sides would bring to the table.
On today’s "Closing Bell" Dylan Ratigan took a closer look at the speculation and whether it could become reality. His guests were Jeff Harte, Managing Director in Equity Research at Sandler O'Neill along with Jefferson Harralson, Analyst at Keefe, Bruyette and Woods.
Jefferson Harralson said Bank of America is interested in growing their global brand – but at the right price. It would take two banks to make this deal happen and Harralson said he doesn't think Barclays is for sale.