Banks HSBC, RBS in talks to acquire GreenPoint - 2004-02-08
British banks HSBC Holdings Plc and Royal Bank of Scotland Group Plc have each initiated talks to acquire New York's Greenpoint Financial Corp, the Business newspaper reported.
Greenpoint, which has a market value of about $6 billion, has about 90 branches and a mortgage business. The lender has hired investment banks Keefe, Bruyette & Woods Inc and Lehman Brothers Holdings Inc to advise on sale options after profit fell for two straight quarters.
Read the full story at Reuters via Forbes