During the credit crisis, some large securities firms were either acquired by or converted into commercial banks.

Name: During the credit crisis, some large securities firms were either acquired by or converted into commercial banks.
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This is true. Examples include Bear Stearns, which was acquired by JPMorgan Chase, and Lehman Brothers, which filed for bankruptcy but attempted to convert into a bank holding company before its collapse.

During the Credit Crisis, Some Large Securities Firms Were Either