Word: banco
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Dates: during 1960-1969
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Bank charge-card schemes are also going international, enabling holders to use their cards when traveling abroad. Interbank, with Banco Nacional de Mexico S.A. already in the fold, hopes soon to sign up banks in Japan and Western Europe as well. Not to be outdone, BankAmericard has gone into a joint credit-card venture with Barclays Bank Ltd. in Britain, Sumitomo Bank in Japan and four banks in Canada. BankAmericard is already interchangeable with Barclaycard and Sumitomo card, and next month the Canadian banks will join the system with their own Chargex card. So that merchants in the four countries...
...streets. This is the "City of God," eleven miles from Sao Paulo in Brazil. With a school, a hospital and all other things for the material needs of its 1,200-odd inhabitants, it is the headquarters community built by Brazil's liveliest and fastest-growing bank: Banco Brasileiro de Descontos, or Bradesco as it is commonly known...
...Development Planning Minister Laureano López Rodó, Minister of Commerce Faustino Garcia-Monco, Minister of Industry Gregorio López Bravo, Central Bank Governor Mariano Navarro Rubio and Ambassador to the Common Market Alberto Ullástres are all members. Spain's sixth largest private bank (Banco Popular Espaňol) is owned almost solely by Opus Dei members, and they reportedly control 13 other banks and insurance companies, 16 real estate and construction firms and an industrial empire that includes five chemical plants...
Irreparable Consequences. Lolli's subsequent resignation and Longo's determination to leave with him turn the top management of the Banco del Lavoro into a lame-duck administration and hobble its operations. "We can do absolutely nothing about planning even six months from now," complains one bank official. Even some politicians resent the dumping of Lolli, an expert on international monetary matters whose views on the gold flow have been sought by the U.S. Treasury and Congress. The sequence of events that led to the Longo-Lolli resignations, said an editorial in the left-of-center Republican Party...
...prospers, however, real income is expected to increase at least 50% in the next decade. The growth prospects have already attracted several American banks into joint ventures with Spanish banks. First National City Bank and Bank of America, for example, have set up respective fifty-fifty arrangements with the Banco de Vizcaya and the Banco de Santander...