Word: bank
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Dates: during 1960-1969
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Unanswered Questions. McNamara, in his final Capitol Hill appearance before moving to the World Bank, did not do much last week to assuage committee members. He aroused their ire on the first point by declaring it was "monstrous" to charge that the Administration had "induced" North Vietnamese attacks on patrolling U.S. destroyers. No one on the committee had flatly made any such allegation, though Wayne Morse did come close by declaring that the U.S. had provoked the North Vietnamese. McNamara then released a highly condensed version of his testimony that was hotly criticized by Chairman J. William Fulbright...
...plain brown envelopes without prior notice, according to Truax's boss, ABAG Executive Director Warren Schmidt. For the past 13 months, Truax apparently had been treating the brown-paper bonanza as personal mail. Investigators said that he had deposited the checks-including one for $399,649-in bank accounts under various names. In Las Vegas, he was known as Troy Thompson and carried a California driver's license in that name...
...with merciless accuracy. The Arabs brought up reinforcements and pounded back, turning great patches of Israeli farm land into rolling seas of flame. Then the Israelis called out their air force. For nearly seven hours, squadrons of jet fighter-bombers dumped rockets, phosphorus bombs and napalm on the East Bank. They destroyed a guerrilla base, damaged several towns, terrorized Arab refugee tent-camps and knocked out gun emplacements as far inland as Irbid, 20 miles away on Jordan's arid central plateau...
...rest of the credit-card industry. With annual billings of $700 million, it stands behind American Express (over $1 billion) and ahead of third-ranking Carte Blanche ($135 million) among so-called "travel and entertainment" card systems. Also stepping up the nation's credit-card spree are banking institutions, led by California's Bank of America, whose highly successful BankAmericard enjoys annual billings of $458.9 million. For all the competition, the Diners' Club achieved profits during fiscal 1967 of $2,500,000, a 21% increase over the previous year. With its cards now honored in 137 countries...
Coming on the heels of the Westminster-National Provincial merger, the Barclays-Lloyds-Martins union will, if both are approved by the Government Monopolies Commission, reshape the traditional Big Five of British banking into a more muscular Big Three. Caught in the middle by mergers involving all four of its leading rivals is Midland Bank, which stands to slip from its present position as the country's second largest bank to a lonely third...