Home Shopping Network Inc. will drop its...
Home Shopping Network Inc. will drop its planned acquisition of Baltimore Federal Financial because it would be illegal to include the bank in a proposed home financial network. A federal cross-marketing ban contained in the Competitive Banking Act passed earlier this year would bar HSN from offering the thrift’s services on the proposed Home Shopping Financial Network, which the Clearwater, Fla.-based media company hopes to offer by early next year.
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