Chase Buy Cap1 or Providian?

Discussion in 'Credit Talk' started by tzank, Nov 4, 2003.

  1. tzank

    tzank Well-Known Member

    This weeks issue of Barron's mentions that JP Morgan Chase could be interested in taking over Capital One or Providian.
     
  2. catnap1972

    catnap1972 Well-Known Member

    DEAR GOD NO!!!!!!
     
  3. Brad J

    Brad J Well-Known Member

    Nope.

    1) Cap. 1 is too big and Chase is not that rich or that hungry.
    2) Providian is half way in their turnaround and Chase will likely underbid and Providian will refuse the offer.

    DMB is bleeding $$$ and would LOVE Chase to rescue them. Simply ain't gonna happen though.
     

Share This Page