Word: banca
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...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...
...established between Transamerica Corp., giant Giannini-founded holding company, and Union des Mines, large French industrial bank. Each gave the other a substantial but minority stock interest; officials of each will be invited to join the other. The deal will give Transamerica, which already controls Milan's Banca d'America e d'Italia, association with the French electrical, metal, chemical and coal industries...
Without previous warning Bulgaria's fiscal "Big Three," the Bulgarska Banca. Banque Franco-Bulgar and Banque du Credit National suddenly merged into a "Big One Bank," called United Bulgarian Banks...
After the merger operating economy will be attained by Credito Italiano undertaking all the regular commercial banking while Banca Nazionale will become a securities corporation, financing industrial undertaking. Although the means are unusual, the result will be the first introduction of U. S. banking structure to Italy. Vice president of each section will be Alberto Pirelli, onetime president of the International Chamber of Commerce and a prominent Italian utility tycoon...