Word: chase
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Then Bahat cut to the chase: "Are we still going to get our rebate?" he asked...
JOHN HAMILTON HAS LEARNED TO HIS sorrow that bank mergers like last week's $10 billion union of Chemical Banking Corp. and Chase Manhattan can enrich investors but hurt depositors. Hamilton fled his own bank in Washington last year after the giant First Union Corp. of Charlotte, North Carolina, acquired it and raised the minimum balance for no-fee checking from $250 to $500. "We couldn't meet that every month," says Hamilton, president of a nonprofit community-development group, who shifted his money to his wife's credit union. Unlike most consumers, Hamilton isn't watching the trend passively...
Deals like the one between Chase and Chemical have aggravated concerns about the impact of bank-merger mania on employees and customers. The new giant, which will take the better-known Chase Manhattan name even though Chemical is larger, will hold nearly $300 billion in assets and eclipse its New York City neighbor Citicorp as the largest U.S. banking company. Enthusiastic investors boosted the price of both Chase and Chemical stock more than 10% in a day, expecting the increased efficiency of the combined banks to send profits zooming. But to pare annual expenses by $1.5 billion within three years...
Overnight Minnesota will be transformed from corn belt to money belt. Gigantic glass skyscrapers will rise in downtown St. Paul, home of the nation's wealthiest state legislature, and as the money floods in, Minnesotans will look for acquisitions: IBM, UPS, USX, GTE, Time Warner, Minnecorp, J.P. Olson, Chase Minnesota. Presidential candidates will hold their big, $100,000-a-plate fund raisers in Minneapolis, will pledge their support for water diversification and mention that, conservative though they be, they've always had a soft spot in their hearts for Hubert Humphrey...
...terrorist hunters were feeling fairly satisfied with themselves. On Saturday, Aug. 19, after a 10-day chase, Palestinian security forces in the Gaza Strip finally cornered and trapped Wa'el Nassar, a member of the radical Islamist group Hamas, who they suspected was planning a suicide bombing in Israel. Later that night, the Israelis captured 10 members of a Hamas cell in the West Bank, including, they believed, the mastermind of a bus bombing in the city of Ramat Gan on July 24. The sweep also led to the seizure of three ready-to-go bombs, a car fixed...