Advocates for poor pounce when banks plan mergers

Article Abstract:

Minoirty and low-income groups demonstrated unprecedented power recently in forcing bank merger partners to pomise huge loan programs to low-income borrowers. Often the bnks want to avoid the drawn-out proceedings community groups are able to force, because the merger agreements are often time- sensitive. Wells Fargo & Co promised in Dec 1995, to lend $45 billion to low- income borrowers over 10 years, and Chase Manhattan-Chemical Banking made a similar $18.1 billion, five-year oath. Critics remain on both sides, though.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Banks (Finance), Political activity, Poor, Minorities

---

Two telecom mergers get clearance; Justice imposes conditions on one, other sails through

Article Abstract:

The Dept of Justice has approved two mergers involving regional Bell operating companies. One merger is of Continental Cablevision Inc and U S WEST Inc. The other merger is of SBC Communications Inc and Pacific Telesis Group. However, Continental Cablevision Inc does have to divest its local telephone interests.

Wired Telecommunications Carriers, Telephone Communication, Telephone Communications, Telephone services, AT&T Inc., U S WEST Inc., SBC, USW, Regional Bell Operating Companies, Pacific Telesis Group, PAC, Continental Cablevision Inc.

---

Similar abstracts:

• Abstracts: Proposed regulations would tax conduits as true lenders. Internal Revenue Service proposes regulations on qualified domestic trusts
• Abstracts: Tribunal liberates Victorian newsagents and sub-agents. Exercising contractual rights and imposing restrictive conditions - a misuse of market power?
• Abstracts: Settlements in EC merger control proceedings: a summary of EC enforcement practice and a comparison with the United States
• Abstracts: Superannuation - protection for investors. The role of the employment contract in superannuation: an analysis focusing on surplus repatriation powers conferred on employers
• Abstracts: Settlements in EC merger control proceedings: a summary of EC enforcement practice and a comparison with the United States. part 2

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.