One Year Later, Success Claimed For Chemical-Manny Hanny Merger
BANKS
One year after the merger of Chemical Bank with Manufacturers Hanover Trust (MHT), officials in London say the consolidation of the two banks' treasury operations there has been successful.
"The business is cohesive," says treasury vice president Ken Wilshire. "The Manny Hanny people are an integral part of the room."
Executives should be encouraged by Chemical's recent forex trading results. Revenue rose 64 percent last year, climbing to $476 million from $289 million in 1991--although much of
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