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Switzerland's New Big Cheese The merger of two of Switzerland's largest banks has created the world's second-largest financial institution, and sparks a frenzy of merger speculation across the Atlantic...

Author: /time Magazine | Title: The Front Page | 12/8/1997 | See Source »

First Union Agrees to Merger In a $16 billion deal that is the largest bank merger ever, First Union will combine with CoreStates...

Author: /time Magazine | Title: The Front Page | 11/19/1997 | See Source »

...really true. First Union is going to buy CoreStates for more than $16 billion, which would make it the largest bank merger in history. Believe me, FUN bank's CEO ?Easy? Ed Crutchfield has this kind of deal in him. This is a man who can step up and pat the pony. As for CoreStates, it's about time: They were so damn fickle ? remember, they spurned Mellon. In any event, I've said it before, I'll say it again: Buying regional bank stocks is the investing lay-up of the decade. Please, do yourself a favor...

Author: /time Magazine | Title: First Union Agrees to Largest-Ever Bank Merger | 11/19/1997 | See Source »

...spoken for, but many potential obstacles remain before WorldCom consummates the merger. More...

Author: /time Magazine | Title: Today's Top Stories | 11/11/1997 | See Source »

...pretty good day for WorldCom: The company discovered that it had underestimated its savings from MCI's international business costs by several hundred million dollars. As a result, WorldCom expects to add to its earnings by as much as 20 percent in the first year after the merger takes effect. Meanwhile, the U.S. Department of Justice has approved WorldCom's purchase of data networks owned by America Online and CompuServe. That purchase was part of a three-way deal earlier this year in which AOL acquired CompuServe's consumer subscribers...

Author: /time Magazine | Title: MCI: It Ain't Over | 11/11/1997 | See Source »

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