BANC ONE CORPORATION: ASSET AND LIABILITY MANAGEMENT

Ben Esty, Peter Tufano and Jonathan Headley

Journal of Applied Corporate Finance, 1994, vol. 7, issue 3, 33-52

Abstract: [Derivatives are] simply another Wall Street‐developed house of cards. —Representative Joseph Kennedy 1 You can call it [the use of derivatives] whatever you want, but in my book it's gambling. —Representative Henry Gonzalez, Chairman, House Banking Committee 2 Our use of derivatives is just one more step in the evolution of banking. —John B. McCoy, Chairman and CEO, Banc One Corporation

Date: 1994
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