Chicago Tribune, Sunday, February 13, 2000
"Looking to grow: This week Citigroup, Inc., which is widely considered to be a potential buyer of Bank One Corp., is celebrating the grand opening of its 50th Chicago-area branch in Kenwood, where Bank One has no branches.
Officials at New York based Citigroup, which has about 2.5 percent of Chicago-area bank deposits, have said they want to expand their U.S. retail banking presence, something that a Bank One acquisition would do quickly for them.
Chicago based Bank One also would add substantially to Citigroup's credit card business. The banks have the Nos. 1 and 2 credit card portfolios in the country.
Officials at both companies decline to comment on acquisition rumors. Other potential U.S. bank buyers for Bank One, if the company decides to sell, include Wells Fargo & Co., Chase Manhattan Corp. and Bank of America Corp. |
