Banking: The Urge to Unrmerge

No cases have been pursued more vigorously by the Justice Department than its six current antitrust suits against bank mergers, which have been growing steadily in popularity in recent years. Last week Justice dealt with two of the cases in dissimilar ways, but in both sought to chop off a major portion of recently merged banks.

In Washington, Attorney General Nicholas Katzenbach announced a com promise agreement to settle the Government's suit against the 1961 consolidation of Manhattan's Manufacturers Trust Co. and the Hanover Bank into the Manufacturers Hanover Trust Co.−a merger declared illegal in Federal court earlier...

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!