Speculation 101: A Chase Merrill Deal?
Deal of the century? Banks such as Bankers Trust New York Corp. and NationsBank Corp. are snapping up securities firms. And that has sparked a fair amount of speculation on Wall Street about whether Chase Manhattan Corp., the nation's largest banking institution, and Merrill Lynch & Co., which has the country's largest brokerage network, might get hitched. Such a pairing would dwarf most rivals. Based on current market and yearend 1996 figures, a combination would have a mammoth $549 billion in total assets, $4 billion in net income, $360 billion in assets under management, and 118,000 employees. The current market capitalization would be $70 billion. It would be the world's third-largest banking company, behind Bank of Tokyo-Mitsubishi Ltd. and Deutsche Bank.
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