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Hugh McColl (L) CEO of NationsBank, and David Coulter CEO of BankAmerica shake hands at...

IMAGE number
REU7551820
Image title
Hugh McColl (L) CEO of NationsBank, and David Coulter CEO of BankAmerica shake hands at a 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) CEO of NationsBank, and David Coulter CEO of BankAmerica shake hands at a news conference in New York, April 13, after they announced that the two banking giants would merge in a stock-for stock-transaction worth $60 billion, creating the largest U.S. bank with $570 billion in assests. The planned merger would be the largest banking deal in history with McColl acting as chairman of the new BankAmerica and Coulter serving as president.

Photo credit
REUTERS/Peter Morgan / Bridgeman Images
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