Word: acquiree
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Where was Ghaith Pharaon? U.S. authorities hunted for the globe-trotting Saudi financier last week after the Federal Reserve Board sought to fine him $37 million for serving as a front man for the notorious Bank of Credit & Commerce International. According to the Fed, Pharaon secretly used B.C.C.I. funds in...
Investigators are also probing allegations that Pharaon used B.C.C.I. funds to acquire the National Bank of Georgia for $18 million in 1978 and to invest $25 million in Miami's CenTrust Savings, which collapsed last year. Pharaon, whom the Federal Reserve wants to bar from U.S. banking, has denied any...
"We had talked with other clubs trying to acquire a speed guy," Schuerholz said. "We decided if Deion wanted to do it, as he said he did, we'd go ahead and give him the opportunity.
Sadly, tribal peoples often realize they are losing something of value too late to save it. In the village of Tai, in the Ivory Coast, three brothers from a prosperous family have tried to balance respect for the practices of their Guere tribe with careers in the modern economy. Yet...
Fleet is expected to try to acquire all five troubled banks' bad loans, perhaps with the intent of using an in-house company, Recoll Management, to unload troubled assets, The Globe reported.