February 27 - The Business Ledger (Chicago) - With a looming recession creating a nebulous future for the banking and finance industries, it’s time for buyers and sellers to be more selective in maneuvering through the M&A process, said a panel of experts.
“There are no crystal balls, which means that we’re all anxiously trying to figure out what this recession is going to be like,” said Michael Kline, senior vice president of business banking for Harris Bank NA, speaking at The Business Ledger’s first Newsmakers’ Forum of 2008 at Belvedere Banquets in Elk Grove Village.
In 2001, banks persuaded consumers to pay their way out of the recession but the current housing market makes that scenario less feasible this time around, said Kline. Read More.
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