SAN FRANCISCO - Even before pairing up with J.P. Morgan & Co., Chase Manhattan Corp. executives, asked how their company took advantage of its vast corporate bank franchise to get plum equity and advisory assignments, would point to big deals abroad.

For example: Chase H&Q, the equities and advisory division formed after the acquisition of Hambrecht & Quist Group, was able to muscle into an advisory role for a Chase lending client - Telecom Italia - that had some New Economy business to transact.

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