Word: chases
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...cinch to succeed Chairman James Stillman Rockefeller, due to retire next month at 65. But who would follow Moore? There was no lack of topflight candidates, as is only fitting for the bank that, with assets of $15 billion, ranks only behind the Bank of America ($18 billion) and Chase Manhattan ($15.8 billion). Moore himself had been no help in the guessing game, having once said that any one of the bank's six executive vice presidents and most of the 36 senior V.P.s could handle the job. Headlined the Wall Street Journal as speculation grew: PRESIDENCY CONTEST...
Chile to Chad. Those have expanded mightily in the bank's eight years under Chairman Rockefeller (distant cousin of Chase Manhattan President David) and President Moore. Aggressively pursuing "retail" banking business, First National City's domestic branches have spurted from 84, all in New York City, to 166, spilling into the populous suburbs. Earnestly following the expansion of U.S. business abroad, the bank's overseas branches have more than doubled to 206 in spots from Chile to Chad. And having pioneered the personal loan in 1928, the bank now offers nearly every kind of financial service from...
Such innovations have necessarily put the heat on the bank's perennial rival, the Chase, which has yet to match First National City's steps into traveler's checks and travel-and-entertainment credit cards, has far fewer suburban and overseas branches. Part of Wriston's franchise will be to keep the ideas coming-within limits. He still remembers Moore's whimsical advice: "Be so brave as to scare the Chase, but never be so brave as to scare...
Some fishermen, like Otis Smith, who operates fleets and processing plants in New Jersey and Delaware, did not think it even worthwhile to join the chase. Others reduced their fleets: J. Howard Smith, Inc., of Port Monmouth, N.J., for example, sold one of its newest boats to an ocean-research firm...
...years as chief of the Deutsche Bank, West Germany's largest, Hermann Josef Abs became the most distinguished figure in German finance. Only last year, no less an authority than David Rockefeller, president of the U.S.'s globe-spanning Chase Manhattan Bank, called him "the leading banker in the world." Suave, witty and self-assured, Abs was more than a banker: a confidant and consultant to monarchs and politicians, he became an unofficial ambassador to the world's financial centers and the undisputed éminence grise of German business...