Merger Wave Could Put New Jersey in Middle of Financial Industry Change.

Knight Ridder/Tribune Business News | April 14, 1998 | Copyright

By Michael Markowitz, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News

Apr. 14--Last month, at a hearing in Philadelphia, a parade of community leaders and politicans begged regulators to block the merger of First Union Corp. and CoreStates Financial Corp., saying the result would be a bank that is too big and too powerful.

Suddenly, that merger seems like small potatoes.

A pair of deals unveiled Monday, plus the announcement last week that Citicorp and Travelers Group Inc. would merge, have ushered in an era of mergers ...

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