Last week we commented on the whispers that the tottering house of Credit Suisse First Boston had been offered on a platter to Bank of America. It is a shame to see the once all-conquering CSFB reduced to this, but most of their wounds were self-inflicted. Bank of America could, of course, buy CSFB with the loose change from just one of its domestic retail branches. What is the asking price of CSFB? We were thinking of offering a prize for the closest answer, but probably no one would believe the number.
June 21, 2002