Word: banca
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Dates: during 1930-1939
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...very important department of the Franco government, the treasury, is still quartered in Burgos. At the start of hostilities the Rightists simply surcharged the Republican currency. In April these bills were withdrawn from circulation, however, and new bills bearing the imprimatur of BANCA ESPANA rolled from the presses at Burgos and have been kept at a fictitious value of about 10? a peseta inside Spain.* This was the job of Salvador Amado, Delegate of State for the Treasury, who has imposed a strict embargo on exporting the money across the border. The $700,000,000 Spanish gold reserve fell into...
...Bonus in cash. To get immediate action they elected Frank Nicholas Belgrano Jr. of San Francisco to be their national commander (salary: $9,000). After the War, through which he served in the U. S., emerging a second lieutenant, Frank Belgrano went into his father's business, the Banca Popolare Fugazi of San Francisco. He was cashier of that bank in 1927 when Amadeo Peter Giannini, great imperialist among California's bankers, took it into his mighty chain. Today Legionary Belgrano is a vice president of Giannini's Bank of America, president of the Pacific National Fire...
...British and German pooling agreements. Officials of two trans-atlantic Italian lines refused to comment. Giuseppe Cosulich in New York said he had heard nothing about it. Rome despatches last week confirmed the rumors. A new company, Italian Lines, was formed with capital of 800,000,000 lire. Banca Commerciale took a 42% interest, Credito Maritime 40%; the remaining 18% was divided between the shipping companies...
...billionaire-in lire. Only recently Billionaire Gualino was virtually sole owner of Snia Viscosa, the leading Italian artificial silk works. His philanthropies were on a scale approached by no other Italian. Sometime ago, when his affairs became entangled, "The Richest Man in Italy" was able to borrow from Banca Agricola Italiana half a billion lire ($26,300,000), which resulted in an eventual loss to the bank of seven times its capital. No charge was made against Financier Gualino when he was seized last week. His arrest was made not by police but by the Turin Fascist "political squadron...
...policy of the new Transamerica management to remove any local, partisan significance attached to the Giannini structure. Mr. Giannini himself saw this was essential and, shortly after old Bancitaly stock crashed, the company was succeeded by Transamerica Corp. Yet Transamerica is influential in Italy through control of the Banca d' America e d'ltalia which only last week expanded further through purchase of the seven-branched Banca-Italo-Britannica...