A few more years and the white shoe ranks of global investment banks may have to make room for a new competitor. The number two U.S. bank, Chase Manhattan Corp., unable to acquire the likes of a Goldman Sachs or Merrill Lynch over the last five years, has been forced to make small purchases and steal top staff to build itself into an investment bank. But now the 200 year-old commercial and loan bank has become a year-end M&A list maker, and some say its future looks bright.
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