Word: expanders
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Dates: during 1990-1999
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...naughtiest problems of the decade was also one of the most pressing. In accordance with the 1973 U.S. Clean Air Act, a parking freeze was established under which Cambridge could not expand its existing 3500 commercial spaces by more than 10 percent. That would have brought the total number of spaces...
...money-center banks have sliced their foreign presence just as dramatically. Chase Manhattan, which has been operating overseas for more than 100 years, has closed or sold offices in 22 (of 55) countries. Among the U.S. money-center banks, Citicorp is one of the few still trying to expand its international network...
...past 20 months have brought a flurry of more than 30 mergers and takeovers involving European banks and insurance companies across the Continent. The aim has been to create institutions that will be big enough to expand Europe-wide and survive the competitive heat when larger institutions from other countries arrive in force. In Denmark, for example, where more than 150 banks serve just 5 million people, a series of unions has taken place since 1988. The most significant: the merging of Den Danske Bank, Copenhagen Handelsbank and Provinsbanken to create Scandinavia's largest lender, with assets of $36 billion...
France's Credit Agricole, the world's 10th largest bank, has also declared its intention to expand Europe-wide but is taking its time. The bank last year bought a 13% share in Nuovo Banco Ambrosiano of Italy and is said to be scouting elsewhere. Other French banks are more hesitant. Both Credit Commercial and venerable Societe Generale have decided not to extend retail- banking networks outside their home territory. "The practice of offering universal banking services seems to us to be limited to the national territory," says Societe Generale chairman Marc Vienot. Abroad, "we plan to find niches...
...lamppost. Since a policeman was killed two weeks ago during an assault on another Mohawk blockage at Oka, 19 miles to the west, that town and Chateauguay have become scenes of an edgy standoff over the volatile issue of Indian land rights. The Indians have been protesting plans to expand a golf course into a forest that they say contains a sacred burial ground...