April 15, 1995 |
The International Brotherhood of Teamsters wants a federal investigation into whether Charlotte, N.C.-based NationsBank Corp. violated disclosure laws when a top executive said it was interested in combining with Chase Manhattan Corp. NationsBank Vice Chairman James Hance was quoted Friday in an article in the Wall Street Journal saying, "If (Chase) had an interest in talking to us, we'd certainly be interested in talking to them."
June 20, 1989
J. P. Morgan to Underwrite Corporate Debt: J. P. Morgan & Co., the powerful New York commercial bank, received Federal Reserve Board approval to underwrite corporate bonds, marking a significant expansion of commercial banks into investment banking activities. The Fed's decision, to allow subsidiary J. P. Morgan Securities to underwrite and deal in corporate debt securities, is expected to be the first of several such approvals. Other applications are pending at the Fed from Chase Manhattan Corp.
September 21, 2000 |
Chase Manhattan Corp. will pay at least $22.2 million to settle consumer lawsuits alleging that credit card customers were charged extra interest and late fees even when monthly payments arrived on time. Chase Manhattan Bank, the country's No. 2 bank, will reimburse credit card holders for some charges and give them a grace period before charging late fees on payments as part of the settlement reached last month, said Britton D. Monts, a Dallas lawyer representing consumers.
August 29, 1995 |
The $11-billion stock swap between Chase Manhattan Corp. and Chemical Banking Corp. would have create the largest bank in the United States. A look at both banks and how the combined company would compare to other banks: CHEMICAL BANKING CORP. * Rank: Fourth-largest U.S. bank * Assets: $178.5 billion * 1994 net income: $1.29 billion * Employees: 42,130 * Branches: 297 CHASE MANHATTAN CORP. * Rank: Sixth-largest U.S. bank * Assets: $118.7 billion * 1994 net income: $1.