Word: chases
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...American households are gaining greater affluence than ever before, and they no longer want to rely on the time-honored financial vehicles, such as savings accounts, to harbor their assets." Some Wall Street experts believe that within a decade, a dozen national financial services, perhaps with names like Chase American Express or Citibank Hutton, will dominate the U.S. banking-and-investment business. Merrill Lynch's bulls want to be leading that stampede...
...union will create a bank with assets of $63 billion, only slightly less than those of Chase Manhattan. The deal will provide Crocker with capital for expansion in California and restore Midland to the inner circle of international banking. The British bank also announced it was spending about $118.5 million to buy 60% of West Germany's largest private bank, Trinkaus & Burkhardt...
Once the dust settles from the conventions and autumn winds chase away Detroit's stifling summer humidity, Beebe predicts a drastic change in the three-way presidential race. "We will pick up many of the Republicans who realize they can't support Reagan and many of the Democrats who realize the same thing about Carter. Our candidate will become a serious contender very quickly...very, very quickly." Beebe adds, "What we hear less and less of is, 'Who is this John Anderson?' That's really gratifying...
...between the Cuban and the non-Latin white (or "Anglo") communities were good. The Anglos had welcomed the Cubans fleeing Castro with open arms, and in return the Cubans settled in a decaying neighborhood and turned it into a boom town. But as it turned out, the decision to chase South American pesos shattered the fragile Cuban-Anglo harmony and turned it into hatred. In addition, the "New Prosperity" of the 1970s, as Miamians call it, created racial problems where none had seemed to exist beforehand and, some say, turned Miami into a hateful place to live...
...also earn a better return on their investments if they linked up with established financial institutions. Starting about 1976, a number of partnerships were created, including the Saudi International Bank. Union des Banques Arabes et Franchises and the European Arab Bank. At the same time, Morgan Guaranty, Citibank and Chase Manhattan launched joint ventures with Middle East moneymen and began teaching scores of young Arabs complex arts like organizing loan syndicates on the Eurodollar market...