The Pursuit of Chase Manhattan

Published 01 Jan 1995
Reference 4674
Industry Banking
Region North America
Summary

Challenge by an institutional investor to the control of one of the oldest and largest U.S. banking companies. How this challenge led to the merger of Chase with Chemical Bank.

Teaching objectives

This case addresses the origins of the Chase merger with Chemical Bank, especially the role-play by mutual fund investor Michael Price. The case can be used in combination with BK Vision, which entails the pursuit of Union Bank of Switzerland by Swiss investor Martin Ebner.