Word: chases
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Dates: during 1960-1969
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Skouras says he is willing to put in some $20 million of his own, has large financing from Marine Midland Trust Co. and Chase Manhattan Bank, and wants the Government to ante up about $125 million. The cost is stiff-but anything would be a bargain if it could help rescue the U.S. merchant marine. The once proud fleet is being pushed into increasingly rough straits by low efficiency, high labor costs, and fierce foreign competition...
...Charles record by ten seconds and obliterated the Lake Carnegie (Princeton) record by 20. It has beaten the field in the Eastern sprints by two and a half lengths, a record margin in the 2000-meter race. And it had left Yale ten lengths astern in the four-mile chase down the Thames River in New London...
First-place Citibank-as Manhattan's First National City likes to call itself-this year will lift the number of its foreign branches from 113 to 132, and the Chase Manhattan will open six foreign branches in 1965, bringing its total to 37. Bank of America so far this year has opened in Singapore, Taipei and Nicaragua, plans in the next few months to move into Vienna, Antwerp, Madrid and Barcelona. In recent months, Manhattan's Marine Midland entered Europe for the first time, Manhattan's Chemical Bank went into Asia, and Chicago's Continental Illinois...
...bankers by no means confine themselves to making loans, collections and money transfers for American enterprise. The Chase Bank helped to bankroll Turkey's largest industrial project, the new Eregli Iron and Steel Works; the Bank of America contributed to auto plants in Brazil and France and to the Mangla Dam between India and Pakistan. To attract the rising consumer classes overseas, many of the U.S. banks also offer loans to small borrowers, who often find it impossible to get credit from more conservative local banks and are willing to pay interest charges of 8% to 10% or even...
...inflation. Helping to compensate for such hazards is the fact that commercial banks can do something abroad that they are forbidden to do at home: invest in nonbanking enterprises. The Philadelphia National Bank has stock in or options to buy into industrial firms in a dozen countries, and the Chase Bank's investments reach into developing industries in 17 countries...