Keep up to date with email alerts. A full week of the AJC is available free of charge. We expect to have the newspaper online soon. Please check back later this morning. The deal still requires approval by European Union antitrust officials, who have expressed concern the combination may hurt competition in the markets for airplane engines and cockpit electronics.
Merger forms No.
Bank officials hope the merger will provide an array of financial services to lower-income communities that have been underserved by larger banking chains. Majority shareholders include former basketball star Earvin ''Magic'' Johnson and singer Janet Jackson. The company will have branches in Southern California and in the Boston and Miami areas. Johnson mentioned Detroit, Philadelphia and Atlanta as potential markets. Goldman Sachs Group is partnering with 13 regional brokerages to expand distribution of its research and products and generate more trading business.