Wednesday, May 30, 2007

Commerce Bancorp Option Trading Jumps on Analyst's Outlook for Settlement

(Bloomberg) -- Trading in options to buy shares of
Commerce Bancorp Inc. surged to a record after an analyst said
the largest bank based in New Jersey may announce the settlement
of a regulatory inquiry in the next few days.

Commerce said in January that it was being investigated by
the U.S. Office of the Comptroller of the Currency, which was
looking into transactions between the bank and its officers,
directors and related parties.


Read more at Bloomberg Stocks News

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