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Hugh McColl (L), of NationsBank, and David Coulter, of BankAmerica, speak at an April...

IMAGE number
REU7611124
Image title
Hugh McColl (L), of NationsBank, and David Coulter, of BankAmerica, speak at an April 13 news confe.., 1998-04-13 (photo)
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Photographer
Peter Morgan
Medium
photograph
Date
1998 AD
Shooting Date
1998-04-13
Image description

Hugh McColl (L), of NationsBank, and David Coulter, of BankAmerica, speak at an April 13 news conference in New York, where they announced that the two banking giants would merge in a stock-for stock-transaction worth $60 billion to create the largest bank in the United States with $570 billion in assets. The planned merger would be the largest banking deal in history. McColl will act as chairman of the new BankAmerica and Coulter will serve as president.

Photo credit
REUTERS/Peter Morgan / Bridgeman Images
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