Analysts: Credit crunch, weak dollar boost cross-border deals

10/3/2007 | MarketWatch

As the dollar continues to fall and the U.S. banking industry struggles to recover from the credit crunch, acquisitions of U.S. financial firms are booming, according to analysts. "The weak dollar and relative growth potential vs. home markets should continue to support foreign banks' interest in high growth/wealthy markets in the United States -- and provide a floor under smaller banks in attractive markets," Oppenheimer analyst Jennifer Thompson wrote in a report.

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