CoreStates reaffirms promise to pay yield-burning victims
- SEC probing alleged kickback scheme involving refunding deals in W. Va. Hume, Lynn Stevens // Bond Buyer;04/28/98, Vol. 324 Issue 30381, p36
Reports on the US Securities & Exchange Commission's probe into an undisclosed kickback arrangement involving former Meridian Capital Markets Inc. Director Steven Snyder to ensure the company's selection to provide escrow securities in West Virginia. Description of the scheme; CoreStates...
- CoreStates adds home loans to corporate-affinity strategy. Talley, Karen // American Banker;8/23/1995, Vol. 160 Issue 162, p10
Reports on CoreStates Financial Corp.'s inclusion of home loans in its corporate-affinity strategy. Projected increase in mortgage originations in 1996 with the offering; Use of technology to bring in new mortgage business.
- CoreStates to restructure organization. // U.S. Banker;Nov94, Vol. 104 Issue 11, p98
No abstract available.
- CoreState to chop 19% of work force. Kapiloff, Howard // American Banker;3/30/1995, Vol. 160 Issue 61, p1
Reports on CoreStates Financial Corp.'s plan to slash 19% of its workforce. State of CoreStates' finances; Reasons behind and implications of the planned downsizing; Coverage of the planned cuts.
- CoreStates builds 3d-party processing services. Marjanovic, Steven // American Banker;9/29/1995, Vol. 160 Issue 188, p14
Reports on CoreStates Financial Corp.'s expansion of its processing business by venturing into niche areas such as commercial card processing. Consolidation of processing companies under umbrella company known as QuestPoint; Willingness of banking companies to farm out operations to third-party...
- CoreStates' overseas business keeps growing and growing.... Kraus, James R. // American Banker;8/9/1994, Vol. 159 Issue 152, p6
Focuses on CoreStates Financial Corp.'s international operations. Growth of revenues; Opening of new offices in several countries; Emphasis on service; Provision of `third-party sourcing'; Investments in overseas banks; Focused approach of bank's position in electronic transfers and processing.
- CoreStates to change names of some banks. // American Banker;11/23/1994, Vol. 159 Issue 226, p5
Reports on the plan of CoreStates Financial Corp. to change the names of several eastern Pennsylvania banks it has acquired to CoreStates Bank. Banks where CoreStates is already putting up new signs.
- CoreStates closing 20 branches in Germantown consolidation. Kapiloff, Howard // American Banker;12/9/1994, Vol. 159 Issue 236, p5
Reports on CoreStates Financial Corp.'s announcement that it will close 20 branches near its Philadelphia, Pa. headquarters to consolidate overlap from its acquisition of Germantown Savings Bank. Commitment of the bank to keep bank personnel; Undisclosed number of layoffs.
- Slimmed-down Corestates turns to revenue growth. Kimelman, John // American Banker;10/10/1996, Vol. 161 Issue 195, p6
Reports on the financial and management changes at Corestates Financial Corp. Employment reduction; Company's quest for fresh sales; Prospects for internal growth; Return on assets; Marketing strategies; Merger and acquisition plans.