City File: NationsBank
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE STOCK that most US analysts follow is not IBM or General Motors but NationsBank, the fast-growing owner of London stockbroker Panmure Gordon. According to the prestigious Nelson's Guide to Institutional Research, the North Carolina-based bank is watched by 78 analysts at 58 research firms around the US.
Second place went to another banking group, Banc One, from Ohio. IBM came 12th with GM falling outside the top 20.
Nations, which counts London institutions among its shareholders, aims to be the number one bank in the US before too long. It recently bought Chicago Research and Trading, one of the world's largest options market-making and trading firms. The bank's London office and Panmure will link up in new premises in August.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments