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Old Posted Apr 25, 2007, 4:38 AM
hoju hoju is offline
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Join Date: Sep 2006
Location: Chicago
Posts: 67
According to Crain's, an RBS takeover would be even worse in terms of bloodletting of chicago area jobs because the price paid would be that much higher to beat the B of A bid. I am as emotionally invested as the rest of you when it comes to retention of our homegrown companies, but perhaps this is a fight we won't win no matter the owner. Besides, another article in the Trib made the point that the increased competition B of A would offer to Chicago area banking would mean good things for the former customers of LaSalle. Perhaps the trickle down benefit of easier access to money flow would be just as much a boon for the regional economy. I am not sure, but I am just hoping that B of A retains its civic commitments like sponsoring the marathon. I think they will feel compelled to do these things anyways, since they are trying to expand their footprint in Chicago, and civic involvement obviously grants one a favorable reputation in our town.
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