Word: bank
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Among Friends. Eurodollars are handled by about 500 banks in Europe, a few informal phone calls among banking friends usually being enough to settle a major deal. There is often a relay of three or four banks between lender and borrower, which is one cause of criticism of the system. Another complaint is that Eurodollar operators violate a cardinal banking rule by borrowing short term and lending long term, but in fact E$ are mostly used for short-term financing of imports and exports. The Deutsche Bank Managing Director Hermann Abs dislikes the system so much that he will have...
Last week two American firms, the First National City Bank of New York and White, Weld & Co., investment bankers, made a major, joint innovation in the Eurodollar market. They introduced in London the certificate of de posit, which has been so successful in the U.S. since its creation in 1961 that it now accounts for 35% of all interestbearing deposits. With the minimum for C.D.s set at $25,000, the plan opens up the Eurodollar market to people operating on a much smaller scale. And since the certificates are negotiable, the depositor will not have his money frozen...
...drunk shouting in a pub, happy as only such a man can be, and only half-remembering, not entirely clear in his mind what he wants to say. But the infectious Behan rhythm is unmistakable, and so is the Behan tongue. Mountjoy Prison, Strangeways Jail, bouts on the Left Bank, a party for a colleen celebrating her abortion, pimping in Harry's New York Bar in Paris, painting lighthouses, doping greyhounds, springing an I.R.A. mate from a British nick-all of this is mixed together every which way like an Irish stew. The stirrer has his thumb...
Those you shouldn't bet against are easier to pick. First on the list go all Supreme Court Justices not already honored. The Corporation likes Supreme Court Justices better than anything except presidents of the World Bank...
...within this country, the History of Latin American Art has no permanent chair at Harvard. Although Professor Hirschman will teach a course is the Economics of Latin America in the coming year, his basic interests seem to have changed; and he is now writing a book on the World Bank. Of the four Bliss fellows three are no longer associated with the University...