Word: chases
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Alfredo Stroessner this year reportedly launched a new wave of political arrests involving several hundred people; it is the third such wave since late 1974. Witnesses to conditions in Paraguay's primitive jails claim that detainees are regularly tortured. One recent victim was internationally known Anthropologist Miguel Chase Sardi, who was released in June after seven months in prison. Chase Sardi says he was drugged, beaten and dipped upside down in water to the point where his hearing may have been permanently damaged. Other methods of torture include electric shock, the extraction of fingernails and forcing a prisoner...
...large part of the bank's liabilities stems from Rockefeller's high-minded conviction that the Chase should be a good corporate citizen. To help bail out New York City, the Chase bought more of the city's notes and bonds than any other bank did-$408 million, at last count. The city's dire financial condition makes these investments unattractive. The bank has also spent $731 million in REITs (for real estate investment trusts). Since real estate was particularly hard hit by the recession, nearly three-quarters of the Chase's REITs are either...
Last year Rockefeller and his management staff set up a profitability analysis project to halt the bank's downward slide. Consequently, the Chase has been moving faster into the merchant banking field abroad. Loan standards have been tightened. The Chase has closed six of its 265 branches because they were unprofitable, and as many as 30 more might be shut down. In an effort to trim its paperwork problems, the bank has sold off its payroll processing and stock-transfer departments to smaller data-processing firms. As a result, in a move that one veteran officer describes...
...Schedule. There are rumors that Rockefeller's job is at stake. Supposedly, a few disenchanted Chase directors have sounded out potential candidates for the chairmanship. Two of the leading possible replacements: Donald Regan, chairman of Merrill Lynch, the nation's largest brokerage house, and Thomas Wilcox, chairman of Crocker National Bank (national ranking: 15th). Publicly, however, the directors join ranks behind Rockefeller. For his part, Rockefeller insists that he has no intention of stepping down until he reaches the mandatory retirement age of 65 in four more years. "We've gone through some difficult times," he concedes...
Wall Street analysts have their doubts. They feel they have been misled in the past by the Chase's overly optimistic forecasts and are watching for a solid indicator. That indicator will come, they believe, when the Chase begins to make lower provisions in its income statement for bad loans; total loss estimates could reach $300 million for 1976. Until the bank starts to put more faith in its chances for repayment and starts actually collecting on its questionable loans, Wall Streeters are likely to remain skeptical about talk of a turnabout...