Word: banke
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Dates: during 1940-1949
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Fall & Rise. By 1930 the Bank of Italy caught up with its prestige and size: it became the Bank of America National Trust & Savings Ass'n. A.P. retired again. But soon he disagreed with the way his interests were being run, and rode back into power on a wave of proxies...
During the depression, Bank of America and Transamerica found the going rough. Transamerica's stock plunged from a 1929 high of 67 to 2. But A.P., always full of optimism, kept right on expanding, and thus was ready for California's war boom. In 1945, Bank of America rose to the proud position of world's largest private bank...
Giannini's death will bring few changes in Bank of America policy. His empire is in the hands of such trusty viziers as his son, Lawrence Mario ("L.M.") Giannini, who has been president since 1936, and Chairman Al J. Gock, a crack operating...
Bigger Business. While Truman publicly deplored bigness, Wilson continued, he went right on heading plenty of "big businesses"; an insurance system (Social Security), a bank (RFC) and a shipping system (Maritime Commission). "Apparently," purred Wilson, "he wants to make all of these bigger...
Died. A. (for Amadeo) P. (for Peter) Giannini, 79, Italian immigrant's son who rose from fruit and vegetable peddler to become founder and chairman of the world's largest private bank, the Bank of America; after a heart attack; in San Mateo, Calif. (see BUSINESS...