Word: lynches
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Dates: during 1990-1999
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...banks are not just snapping up one another at a time when even firms like Merrill Lynch can offer federally insured deposits. "I know people who do not have a checking account with a bank anymore. They just use their brokerage accounts," says Kevin Timmons, a senior banking analyst for the First Albany investment firm. A recent survey by McKinsey & Co. found that only 49% of Americans now view their bank as their primary financial institution, down from...
...reverse such trends, banks acquired securities brokers at a record pace last year. McColl shelled out $1.2 billion for Montgomery Securities of San Francisco. "Today we do almost everything Merrill Lynch does," he says. "We compete with them in investment banking and the brokerage business." Would he like to own Merrill? "We could," he replies, "but it's not for sale, and we are not interested." Then he adds with an alligator grin, "But nothing is forever...
...increased 178%, and the industry last year posted record pretax profits of $12.2 billion. More work. More profit. Relatively few people. Sound familiar? Wall Street hadn't been totally left out. Its firms have been merging practically forever, but seldom on such an extensive scale, where even giant Merrill Lynch might be bait for, say, Chase Manhattan. In a bull market, and with consolidation running wild on the Street, brokerages are good stocks...
Every summer we each go through the frenetic summer internship process in which the job search becomes a major source of stress and delight. For some it is the corporate route with dreams of Goldman Sachs and Merril Lynch while others pursue publishing or broadcast journalism. We apply to the Newsweeks, the Times and the Vogues intent on getting just one article published...
Gleefully banging around on sitars, harmonicas, horns, Hammond B-3's and flutes, other band members Carl "Psycho" McCarthy, Danny Saber, Paul "Wags" Wagstaff, Ged Lynch and Martin Slattery reduce their basic guitar, drum and bass sounds into nothing more than a wooden easel on which to paint. Stupid, Stupid, Stupid opens its arms wide and embraces the world with a sarcastic life, claiming copyright by lyrical fiat...