Just because the economy is defying gravity doesn't mean there is no panic on Wall Street. The financial world is in a panic right now because we have gone 48 hours without a bank merger.

- In one week, Citicorp and Travelers Group announced merger plans, as did Banc One and First Chicago NBD, and NationsBank and BankAmerica. Eventually, they will all merge into one: The Bank That Ate Switzerland.Los Angeles Times Syndicate