Fifth Third Bank acquires Freedom Bank’s deposits. European stock markets open slightly ahead of Wall Street opening on Wall Street. U.S. economy contracted 0.3 percent annual rate in third quarter — its biggest dip in more than 6 years. European Commission calls for coordinated action after saying the 15-nation euro zone was in a technical recession. Treasury Department turned down request by GM for up to $10 billion to help finance a possible merger deal with Chrysler. Treasury officials said to be hesitant to broaden $700 billion bank bailout to industrial companies.”]
Source: https://www.cuinfosecurity.com/nov-3-update-fifth-third-bank-acquires-freedom-bank-fl-a-1037