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【答案解析】[听力原文]7-10 Chemical Banking Corp and Chase Manhattan Corp said yesterday' that they have reached a "definitive agreement" to merge, creating the largest US bank with nearly US $ 300 billion in assets and US $ 20 billion in shareholders' equity . The banks said the merger, approved by the boards of both companies, would be carried out through a share swap in which 1.04 shares of Chemical common stock will be exchanged for one share of Chase stock. All of Chase's preferred stock will be exchanged for similar Chemical preferred stock. It said the merger is expected to be completed in the first quarter of 1996, creating the largest bank in the United States and the fourth largest in the world, ahead of Citicorp. The bank will adopt the Chase name. The merger is subject to approval by shareholders of both institutions as well as federal and state regulatory authorities. "We expect the new Chase to achieve double-digit earnings per share growth...and a re- turn on equity of 18 percent or better," said Walter Shipley, Chemical Bank chairman and chief executive officer, who will be chairman and chief executive officer of the new bank. Thomas Labrecque, chairmen and chief executive officer of Chase, will be the president and chief operating officer of the new entity. 7. What happened to Chemical Bank and Chase Manhattan Bank?