Word: america
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Dates: during 1940-1949
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Fall & Rise. By 1930 the Bank of Italy caught up with its prestige and size: it became the Bank of America National Trust & Savings Ass'n. A.P. retired again. But soon he disagreed with the way his interests were being run, and rode back into power on a wave of proxies...
...long and often stormy banking & business career, big, bull-necked old A. P. Giannini had retired officially at least three times. But he had too much energy to sit still; unofficially he went right on working so hard at his Bank of America that friends knew there was only one way he would really retire. A month ago, as he passed his 79th birthday, A.P. confided to a reporter that it would be his last. A.P., who had been right so many times before, was right this time...
During the depression, Bank of America and Transamerica found the going rough. Transamerica's stock plunged from a 1929 high of 67 to 2. But A.P., always full of optimism, kept right on expanding, and thus was ready for California's war boom. In 1945, Bank of America rose to the proud position of world's largest private bank...
Giannini's death will bring few changes in Bank of America policy. His empire is in the hands of such trusty viziers as his son, Lawrence Mario ("L.M.") Giannini, who has been president since 1936, and Chairman Al J. Gock, a crack operating...
Died. A. (for Amadeo) P. (for Peter) Giannini, 79, Italian immigrant's son who rose from fruit and vegetable peddler to become founder and chairman of the world's largest private bank, the Bank of America; after a heart attack; in San Mateo, Calif. (see BUSINESS...