Published on CIA FOIA (foia.cia.gov) (https://www.cia.gov/readingroom)

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

Document Type: 
CREST [1]
Collection: 
General CIA Records [2]
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
Case Number: 
Publication Date: 
April 20, 1966
Content Type: 
OPEN SOURCE
File: 
AttachmentSize
PDF icon CIA-RDP73-00475R000102340001-7.pdf [3]35.35 KB
Body: 
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
Source URL: https://www.cia.gov/readingroom/document/cia-rdp73-00475r000102340001-7

Links
[1] https://www.cia.gov/readingroom/document-type/crest
[2] https://www.cia.gov/readingroom/collection/general-cia-records
[3] https://www.cia.gov/readingroom/docs/CIA-RDP73-00475R000102340001-7.pdf