Business: Bank Convention

The American Bankers Association last week withdrew its old, vociferous objection to branchbanking and thereby partially relieved itself of a false front.

During the past decade there has been one trend in U. S. banking more pronounced than all others combined: the trend to merge, to branch, to group, all of which is essentially one trend, and all of which is exactly and naturally parallel to the developments in U. S. industry, commerce, society (FORTUNE, February). But Federal laws have opposed this trend and so, verbally, has...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!