Banks merger approved for Gibraltar and First Texas
Gibraltar Savings Association of Houston won overwhelming shareholder approval for a 249 million cash merger with Dallas based First Texas Savings Association. Gibraltar holds about 4 billion in assets and will become a subsidiary of First Texas which has 2.5 billion in assets. Shareholders receive 29 875 per common share plus 37 million in options and warrants. Regulatory approval is still pending and expected this year.
MENTIONED IN THIS ARTICLE
Dallas Morning News
Dallas — Gibraltar Savings Association of Houston
First Texas Savings Association of Dallas
Gibraltar
First Texas
Dollar Strength Brings Fresh Global Economic Tangles
AP analysis notes the dollar's surge past a decade highs boosts U S imports and tourism while pressuring European economies. Europeans warn high rates limit their recovery gains as capital shifts seeking safety and returns, with global flows reshaped by a stronger dollar.
Major banks raise prime rate to 11 percent nationwide
Major banks including Citibank Chase Manhattan Chemical Bank First National Bank Bankers Trust and Mellon Bank boosted their prime lending rate by half a percentage point to 11 percent. The move follows a period of rising market rates and earlier cuts from 11 percent to 10.5 percent in February.
MENTIONED IN THIS ARTICLE
New York
Citibank
Chase Manhattan Bank
Chemical Bank
First National Bank
Chicago
Bankers Trust
Mellon Bank
Pittsburgh
Early Stock Prices on NYSE for August 8, 1983
UPI reports selected nationwide composite stock quotes from the New York Stock Exchange for Monday August 8 1983. The list includes prices, net changes and yield percentages for numerous corporations such as Abbott Aetna Air Products Allied Signal Alcoa Boeing Coca Cola Citicorp and Dow components with varied gains and losses across sectors.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
Abbott Lbs
Aliginti
Allg Pw
Allid Co
AlliedSt
Allis Chaim
Alcoa
AMAX
AMR
Am Motors
Amstar
Armco
Vibe
Asarco
Ashino
Atlas
Avco
Bethisti
BeingEn
St Mym
Black&d
Boeing
BoiseCa
Borden
Brunswick
Cox
Crane
CrownZell
Csx
O. O— Dana
Wu- Dart
Genral
Daytonpl
Deere
DeltaAir
E- Diebold
Disney
DrPeppr
Domenard
Wma
Domnrr
Dow Ch
Dow Jnes Wa
DravoCpa
Dresser
Duke
DuPont
Eanes Basco
Eastern Air
EskKodak
Es Eaton
EiPaso
Ensrch
Esmark
Excelo
Exxon
Gannett
Goodyr
Die Gracen
Great Abp
GrtNoNek
Gwsstfni
Grynna
Grymn
Uldle Gulf&Ws
Heinz
Hershf
Hewitt P
Hilton
Sa Homestic
Idaho
Intit&t
Kk KaiserAl
Kange
KerrMc
Kidde
KimClk
KLM Aarine
Kmart
Enghtr
Koppers
Kroger
LearSig
McKess
Mead
Merck
MerrLyn
MidSou
MobilCorp
Mobasco Magram Monsat Morgjp
Motrola
Mt Fuel Mronco
Nabisco
Natomas
NingMo NL
Nrfoiks
Nortens
Noewst
Ogden Ohio
Ea Oklage
Olin Omark Oneok
Acki Outbrm
Owenili Pac GE
PacLightn
Pacpl
Pan Am
Panhdi Penney
Pennpl
Pennzol People
PepsiCo
Ptizer
Phelps Philae
Philipm
Philipsin PhilPet Pilisbry Pitney B
Polaroid
Psv
Col
Pse&g
Paylteam
QuakrOats
Ratston Raythn
RCA RepSteel
Reviow
Reynolds Reynidsm
Robshw
Rchg
American Stock Exchange
Acton
Amdant
Flukeron Sk
Galaxy Gates LJ
Yilknt
GriLkCh
Instrum
Uno Resour
Vernitra
Weathtra
Dollar climbs as state banks fail to curb trend
The dollar hits new records on foreign exchange markets as last week's coordinated selling by state banks fades. The Bundesbank says intervention will only aim to correct disorderly conditions, while the dollar reaches nine year highs against the mark and the Dutch guilder. London pound weakens and Tokyo closes with the dollar at yearly highs, as gold prices slip locally while bullion houses hold steady.
MENTIONED IN THIS ARTICLE
London
U.S
Bundesbank
Samuel Montagu
Tokyo
Europe
Bank of Japan
Times of London
Britain
Bank of England
Austria
Belgium
France
Italy
Japan
West Germany
Netherlands
Switzerland
Zurich
Hong Kong
Prices Open Lower As Banks Raise Prime Rate
New York stock prices opened lower as major banks led by Citibank raised the prime lending rate to 11 percent from 10.5 percent, the highest since January. The Dow fell 5.21 to 1,178.08 as 666 issues declined and 223 rose on the NYSE amid expectations of further rate hikes and ongoing money-supply pressures.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Ted
Citibank
The
Also Mentioned on This Page
Zhao Ziyang
Armand Ham
Mer
Occidental Petroleum Corp
Center
Peking
Chet Carrier
United States
Chase Manhattan
Chase
Trans W Cp
Trinity
Uniroyal
Whitker
Boston
Cincinnati
p-Pacific
Midwest
Philadelphia
American Exchange
Dollar
David Morrison
Simon and Coates
Michael Metz
Oppenheimer & Co
Congress
House
Internatioal Monetary Fund
Federal Reserve
Fed Iate
Hugh Johnson
First Albany
Edwards Electronics
Odessa
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