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John F Mcgillicuddy

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BUSINESS
March 29, 1994 | From Times Staff and Wire Reports
United Airlines Names Proposed Directors: Former Fed Chairman Paul A. Volcker and the former head of the nation's third-largest banking company would sit on the new board of United Airlines' parent after an employee buyout, documents filed with the Securities and Exchange Commission show. Volcker and John F. McGillicuddy, who retired as head of Chemical Banking Corp., were among nine of 12 prospective directors listed in the documents. John K. Van de Kamp, former L.A.
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BUSINESS
March 29, 1994 | From Times Staff and Wire Reports
United Airlines Names Proposed Directors: Former Fed Chairman Paul A. Volcker and the former head of the nation's third-largest banking company would sit on the new board of United Airlines' parent after an employee buyout, documents filed with the Securities and Exchange Commission show. Volcker and John F. McGillicuddy, who retired as head of Chemical Banking Corp., were among nine of 12 prospective directors listed in the documents. John K. Van de Kamp, former L.A.
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BUSINESS
January 17, 1989 | From Reuters
Chase Manhattan Corp. and Manufacturers Hanover Corp., benefiting from a stream of back interest payments from Brazil, reported Monday that their profits shot higher in the fourth quarter. Chase Manhattan, the nation's second-largest banking group, said its earnings nearly doubled to $275 million in the October-December quarter from $154 million in the year-ago period. Manufacturers Hanover, ranked No.
BUSINESS
October 21, 1992 | VICTOR F. ZONANA and MARTHA GROVES, TIMES STAFF WRITERS
Citicorp and several other major banks posted sharply higher third-quarter earnings on Tuesday, but the profits of Wells Fargo & Co. and the parent of Home Savings of America sagged as California's sour real estate market continued to take a toll. San Francisco-based Wells Fargo's net income plunged 72%, and that of Irwindale-based H.F. Ahmanson--owner of Home Savings of America, the nation's largest thrift--dropped 22%. Both institutions increased reserves for bad real estate loans.
BUSINESS
July 22, 1992 | TOM FURLONG and JAMES BATES, TIMES STAFF WRITERS
Wells Fargo & Co., the San Francisco-based bank that bet heavily on what has turned into a moribund commercial real estate market in California, disclosed a troublesome rise in problem loans Tuesday even as its second-quarter profit jumped fivefold from a year ago.
BUSINESS
September 19, 1989 | JAMES BATES, Times Staff Writer
Dai-Ichi Kangyo Bank on Monday disclosed that it would make the largest single move by a Japanese financial institution into American banking by spending $1.28 billion for a majority stake in Manufacturers Hanover Corp.'s CIT Group, a business-lending unit. In addition, Dai-Ichi Kangyo will spend $120 million for a 4.9% stake in the New York bank itself.
BUSINESS
June 17, 1987 | JOHN M. BRODER, Times Staff Writer
Britain's largest bank on Tuesday joined its American peers by setting aside a huge sum in anticipation of losses on its loans to struggling Third World borrowers. National Westminster Bank said it was adding the equivalent of about $760 million to its bad-debt reserve. The London-based bank did not specify how large a loss would result from the move, but analysts said the effect would not be as severe as on many American banks.
NEWS
July 16, 1991 | SCOT J. PALTROW, TIMES STAFF WRITER
In what could presage a wave of big bank mergers nationwide, Chemical Banking Corp. and Manufacturers Hanover Corp. announced Monday a merger that would create the nation's second-largest bank. The merger, valued at more than $2 billion, the largest in U.S. banking history, would combine two banking giants struggling with problem real estate and international loans.
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