NationsBank And BankAmerica Announce New Risk Organization


NORTH CAROLINA--NationsBank and BankAmerica have formulated details of their post-merger risk management organizational structure, according to a NationsBank spokesperson. The two US-based banks plan to merge later this year, providing approvals from shareholders and regulators are granted. NationsBank hopes to acquire BankAmerica in a stock deal valued at $60 billion to become the US's largest bank in terms of branches and deposits.

William Vandiver will be risk management executive for the new

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