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JPMorgan pours cold water on the possibility Santander (STD) will take over M&T Bank...

Jun. 18, 2010 10:53 AM ETBanco Santander, S.A. (SAN) StockMTB, SANBy: Eli Hoffmann, SA News Editor2 Comments
JPMorgan pours cold water on the possibility Santander (STD) will take over M&T Bank (NYSE:MTB): "With Santander now taking its interest public, our view is that MTB is likely not a willing seller." With MTB one of the few banks that remained profitable throughout the crisis, it's got a "relatively strong position from which to exercise a desire to remain independent," firm says.

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