American beauty risen
Article Abstract:
BankAmerica Corp's merger with Security Pacific National Bank may result in the first nationwide bank in the US. The largest benefit from the merger is in expense savings, which is expected to reach $1.2 billion a year in the next three years.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Moving faster: NationsBank
Article Abstract:
NationsBank acquired the Chicago Research and Trading Group (CRT) for $225 million. NationsBank needed access to the derivatives market to provide a wider range of risk management services, while CRT needed more customers and capital.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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Mightier than its parts: Banc One
Article Abstract:
Banc One Corp has become the seventh largest bank in the US as a result of its acquisitions. The bank centralizes its operations and keeps a careful watch on the institutions it acquires, often making poorly run banks profitable.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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