Word: chases
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...lenders in New York and New England are writing off bad loans at a furious pace. Many of the worst headaches are in New York City, which is home to seven of the 10 largest U.S. banks. Experts predict that such giants as Citicorp, the biggest U.S. banking company, Chase Manhattan (No. 3) or Chemical (No. 8) may have to merge with other large firms to survive. "There is a high chance for a major consolidation over the next one or two years," says James McDermott, who follows the industry for the Wall Street investment firm Keefe Bruyette...
...customers began drifting away. Major companies found they could raise funds more cheaply by borrowing in money markets, rather than turning to banks. And depositors could get higher returns and adequate safety by putting their savings into money-market funds instead of passbook accounts. The defections left banks to chase riskier business, such as Third World lending or leveraged buyouts, to keep their profits up. "Banks just can't compete with other providers of services that they have traditionally offered," says Gary Gorton, a finance professor at the Wharton School. "So banks have had what is left over...
REPORTER-RESEARCHERS: Ursula Nadasdy de Gallo, Brigid O'Hara-Forster, Jeanne- Marie North, Jane Van Tassel (Department Heads); Audrey Ball, Bernard Baumohl, David Bjerklie, Rosemary Byrnes, Val Castronovo, Nancy McD. Chase, Oscar Chiang, John E. Gallagher, Lois Gilman, Tam Martinides Gray, Georgia Harbison, Michael P. Harris, Anne Hopkins, Katherine Mihok, Adrianne Jucius Navon, Nancy Newman, Susan M. Reed, Elizabeth Rudulph, Zona Sparks, William Tynan, Sidney Urquhart, Susanne Washburn (Senior Staff); Elizabeth L. Bland, Kathleen Brady, Barbara Burke, Wendy Cole, Tom Curry, Nelida Gonzalez Cutler, Sally B. Donnelly, Andrea Dorfman, David Ellis, Kathryn Jackson Fallon, Mary McC. Fernandez, David M. Gross...
...undertakings the producers made in order to be able to shoot on location in the Soviet Union, one never feels that Barley and Katya are deeply menaced by any counterespionage agency. Where are the spooks in leather trench coats? Where are the deep-shadowed alleys just waiting for a chase? Where is the hope for some kind of cinematically pleasing action to interrupt the endless rounds of talk that preoccupy this film...
REPORTER-RESEARCHERS: Ursula Nadasdy de Gallo, Brigid O'Hara-Forster, Jeanne- Marie North, Jane Van Tassel (Department Heads); Audrey Ball, Bernard Baumohl, David Bjerklie, Rosemary Byrnes, Val Castronovo, Nancy McD. Chase, Oscar Chiang, John E. Gallagher, Lois Gilman, Tam Martinides Gray, Georgia Harbison, Michael P. Harris, Anne Hopkins, Katherine Mihok, Adrianne Jucius Navon, Nancy Newman, Susan M. Reed, Elizabeth Rudulph, Zona Sparks, William Tynan, Sidney Urquhart, Susanne Washburn (Senior Staff); Elizabeth L. Bland, Kathleen Brady, Barbara Burke, Wendy Cole, Tom Curry, Nelida Gonzalez Cutler, Sally B. Donnelly, Andrea Dorfman, David Ellis, Kathryn Jackson Fallon, Mary McC. Fernandez, David M. Gross...