U.S. Regulator won't Hold Hearings on Providian Deal

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00012941-us-regulator-wont-hold-hearings-on-provid/

The Office of Thrift Supervision, the chief regulator of the U.S. savings-and-loan industry, has advised Washington Mutual Inc. that its application to buy Providian Financial Corp. is complete and that it won’t hold hearings on the proposed deal, Washington Mutual said Thursday.

The notification is not the agency’s final approval of the deal. But it closes the period for public comment on the $6.45 billion merger, which was announced in early June and kicked off what has turned out to be a summer of consolidation in the credit-card industry.

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U.S. Regulator won't Hold Hearings on Providian Deal

Unknown Author

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