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DEAL WATCH: FOR FIRST CHICAGO THE CHOICE IS SIMPLE: BUY. . . OR BE BOUGHT: BANKS ARE CONSOLIDATING AND A LOW PRICE/EARNINGS RATIO MAKES A COMPANY A MORE ATTRACTIVE TARGET.

First Chicago NBD Corp. promised to decide by the end of 1997 whether it needs a new name…

First Chicago NBD Corp. promised to decide by the end of 1997 whether it needs a new name to foster growth beyond its home territory.

So much for New Year's resolutions.

Is the blown deadline an indication that a rapidly consolidating banking industry will soon render the issue moot? The Chicago-b

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First Chicago NBD Corp. promised to decide by the end of 1997 whether it needs a new name…

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