For Walter V. Shipley, Chemical Banking Corp.'s December 1991 merger with Manufacturers Hanover Corp. looked like a crowning achievement. Until today.

Mr. Shipley, who played a key role in pulling that pioneering $2 billion deal together and who rose to the chairmanship of the new Chemical, basked in the spotlight as Chemical announced its record-shattering agreement with Chase Manhattan Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.