Chrysler may be interested in Charles Schwab.
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The auto maker, which expanded its financial services activities earlier this year through the purchase of BankAmerica’s Finance America consumer lending unit, is now eyeing Charles Schwab & Co., BankAmerica’s discount brokerage subsidiary. A Schwab acquisition “is something that would make sense,” the vice chairman of Chrysler Finance said in a television interview. Ford Motor, company founder Charles Schwab and several others have also expressed interest in buying the discount stock brokerage.
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