CHASE MANHATTAN SAYS IT'S NEGOTIATING TO BUY BANK IN VIENNA, AUSTRIA

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP73-00475R000102340001-7
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 27, 2016
• Document Release Date: December 18, 2013
• Sequence Number: 1
• Publication Date: April 20, 1966
• Content Type: OPEN SOURCE

Declassified in Part - Sanitized Copy Approved for Release
QUINA
APR 2 0 1966
.50-Yr 2013/12/18: CIA-RDP73-00475R000102340001i7
. .
Chase Manhattan,SayS
It's Negotiating to Buy
Bank in Vienna, Austria
Only One U.S. Blink Currently Has
Branch in Austria; Chase Cites.
City's Role in East-West Trade
fly 4 WALT. STRPMT JOURNAL Staff Ftrportcr
LONDON ? Chase Manhattan Bank, the'
?second. largest bank in the U.S, and the largest
In New York City, disclosed through its spokes.:
man in Paris that it is negotiating to acquire
the Vienna,. Amstria,. banking firm of 'Privat
Und Kommerzliank which has assets of about
$11 million.
The only American bank with a briinch
in Austria is Bank of America,. the largest
'bank in the U.S. Bank of America opened its.
-Vienna office last November.
The Chase spokesman in Paris said Chase
was negotiating for the Austrian bank %ecause
of general expansion of Chase's operations in
:Europe and because "Austria is one placei
,Where we aren't established."
Austria plays a substantial .role in corn-,
I mercIal trading between, Western and Commu.
fnist bloc countries. '.A Chase spokesman said,'.
v?? it I. ,
"There is a step-up in East-West trade, and
ViennA, along with certain German cities, is
one of the points" where this increase is being
felt.
Chase recently announced plans te ope.n its
second branch in West 'Germany, at Dusseldorf,
before the end of the year. It already has a
branch in Frakfurt. In all Chas ec has 35 over-
seas branches. and five foreign affiliates in
which it owns an interest: 0.... (' F ?
Declassified in Part - Sanitized Copy Approved for Release @ 50-Yr 2013/12/18: CIA-RDP73-00475R000102340001-7