search query: @indexterm bank mergers / total: 84
reference: 59 / 84
| Author: | Palmer, G. |
| Title: | Best in the west. *WELLS FARGO BANK |
| Journal: | Banker
1988 : FEB, VOL. 138:744, p. 53-55 |
| Index terms: | BANKS USA BANK MERGERS COMPANY GROWTH |
| Language: | eng |
| Abstract: | Expansion and acquisition of Wells Fargo & Company. Takeover of Crocker National and move to acquire Standard Chartered's Union Bank. Background to the company and its low-cost ratios. Dismissal of staff to cut overheads, but higher than average salaries and incentive bonuses. Consolidation of cheque and data-processing operations. Target: middle-market California firms. Rise in consumer lending and fall in international business. Personal trust portfolio. Problem of loans to lesser developed countries. Separate boxes list 4 major California banks, Wells Fargo returns in the U.S., its loan mix, and debts owed by Latin America. |
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