WASHINGTON - Putting the brakes on Fleet Financial Group Inc.'s merger with Shawmut National Corp., the Federal Reserve Board said Thursday that it will subject the combination to three public hearings next month.
The Fed extended the deadline for written comments on the merger by 60
Though it did not reveal any specific concerns about Fleet or Shawmut,
The Fed also noted that it will review how well Fleet and Shawmut have
The hearings will be held Aug. 26 in Boston; Aug. 28 in Hartford, Conn.;
The Fed said requests for opportunities to testify would have to be
The central bank rarely holds public hearings on mergers. The last one