Word: chases
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...other lenders. That effort fell through, but telephone lines were soon buzzing between banks over a different arrangement. The terms will allow Seafirst to draw on the $1.5 billion for 24-hr, loans if it loses other sources of funding and needs money. The participating banks include BankAmerica, Citibank, Chase Manhattan and Continental Illinois...
BORN. To Chevy Chase, 38, preppie, pratfalling TV and film comedian (Modern Problems), and his wife Jayni Chase, 25, a film production associate: their first child, a daughter; in Los Angeles. Name: Cydney Cathalene. Weight...
When it became obvious that no full-scale chase was in progress, they decided to stay put and gamble on the janitor's not retracing her own steps. For the next 45 minutes they sat motionless and listened while their janitor and one other clanked around Levels One and Two with their cleaning equipment. At 12:55 Jill's nerves gave out and she hid under her desk. At 1:15 the clanking became so insistent that neither of them could take it any more Betting on another rumor they'd heard, that the tunnel to Pusey Library stayed open...
...thought of as what a bank would have left if it paid off its depositors and creditors. New York's Chemical Bank, for example, has $1.4 billion on loan in Mexico and $370 million to Argentina, a sum amounting to 92% of its shareholders' equity. Chase Manhattan has loans totaling $2.5 billion to the two countries, 77% of stockholders' equity, and New York's Citicorp, which refuses to confirm the exact figures, has a reported $4 billion, or 85%. On top of that, Citicorp is a very big lender to Brazil, with an estimated $5 billion...
...that delinquent loans to foreign firms may have lowered fourth-quarter profits of major banks by some 5%. Concern about an earnings drain from bad loans has already helped depress bank stocks. While the stock market has been reaching new highs, shares of Citicorp have fallen 14% since November. Chase Manhattan has dropped 11%, and Valley National is down...