Word: bancorp
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...seeking to acquire First Interstate Bancorp, Wells Fargo made what amounts to the largest hostile takeover bid in banking history. If the deal comes off, it will create the eighth largest bank in the U.S., with more than $100 billion in assets...
...three months, a team of bleary-eyed scientists, sociologists and economists was sequestered behind an unmarked door on the 14th floor of the U.S. Bancorp Tower in Portland, Oregon, working 14-hour days, seven days a week, amid a welter of maps, coffee cups and stale pizza. Their mission, direct from the President: explore every conceivable option for preserving the Northwest's ancient forests and its wildlife, while saving whatever can be saved of the once proud and productive timber industry...
...where he promised to break the gridlock. Clinton set up three teams to tackle the problem, of which perhaps the most important was the Forest Ecosystem Management Assessment Team, or FEMAT. Dressed in jeans, flannel shirts and running shoes, the 37 members , could look out from Portland's U.S. Bancorp Tower and see the Willamette River and Mount Hood in the distance. Their mission was simplified in the slogans that often flitted across their computer terminals. One message read, "It's the fish, stupid!" Another, "It's the ecosystem, stupid!" And finally, "It's all of them, stupid...
...reaction to the last-minute payouts was swift and brutal, especially among Drexel creditors. One large unsecured creditor, First City Bancorp. of Texas, quickly filed a motion in federal bankruptcy court in New York City asking for an investigation. The New York Times lambasted the bonuses as a case of greed worthy of the Guinness Book of World Records and called on Drexel executives to return the dough. In Washington committees in both the House and the Senate are planning hearings this week that will explore the issue. "It may be that the payments themselves rendered Drexel insolvent," says attorney...
...shakes and rolls under my feet," shrugs novelist Wallace Stegner, a 40-year resident of Los Altos Hills. "It's never particularly alarmed me." Brokers insist that San Francisco's booming real estate market has not subsided. "Obviously the quake was a drawback," concedes Katherine August of First Republic Bancorp, which specializes in loans for luxury homes. "But I don't think it will have a lasting effect on the market. We closed one deal the day after the quake." Says pollster Mervin Field: "Sure it shook people up. But look at the World Series game that was interrupted...