MBNA Buyout's Merits Debated
Ted Griffith reports for the Wilmington (DE) News Journal on a public hearing yesterday by the Delaware bank commissioner looking into Bank of America's proposed acquisition of MBNA.
At the hearing, Bank of America executive Henry Fulton repeated that the bank has not made decisions on the location of job losses. MBNA is the state's largest private employer with about 10,500 employees; Bank of America employs about 1,300 here in credit card call centers in Dover and near Christiana.
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