Word: banke
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Dates: during 1960-1969
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...desperate fight to escape annihilation. By the time the retreating force managed to recross the river, less than two hours after first fording it, 32 men had been killed, 18 wounded, and 18 were missing. Reno and his survivors hastily dug defensive positions atop a hill on the east bank of the river where they were reinforced by three other cavalry companies, but remained pinned for nearly 20 hours, fighting off as many as 4,000 Indians. Only with the threat of the arrival of fresh troops under General Alfred Howe Terry did the Indians break off the siege...
...Rothschild announcement marked the first time that Baron Guy de Rothschild, 57, fourth generation head of the French branch of the world's most famous financial family, had ever held a press conference. Assembling 100 newsmen in the sedate banking offices lined with portraits of earlier Rothschilds, Guy explained why the Rothschilds were undertaking a policy of "opening up, democratization and de-mythification." Said he: "Banks can only develop in bringing together the liquid savings of an ever more numerous, ever more diffuse clientele. Many rivulets must be channeled to irrigate many users." For that reason, the Rothschild Bank...
They may soon change their ways. Moving boldly into a field that has belonged almost exclusively to pawnbrokers and loan sharks, who charge 30% to 100% interest, the Milan-based Banca d'America e d'ltalia, a subsidiary of the U.S. Bank of America, set up a small-loan program late in 1965. Its slogan: "Anyone who works can have credit." The cost of that credit is only 6% discount a year. And where loan sharks demand heavy collateral, the bank, for its one-year loans of up to $1,600, asks only for proof that the borrower...
...sooner had General Manager Antonio Tonello begun flooding the country with ads ("If you are honest and work, you can get money") than competitors charged that he was turning his bank into an undignified "hock shop." They jeered that before long he would be fleeced out of business. Tonello insisted that "the Italian man on the street is as good a credit risk as his counterpart in London and New York...
...seems to be. In a report on the first full year of the program at a recent stockholders' meeting in Milan, Tonello announced that 13,000 borrowers had flocked to the bank's 83 branches, picked up a total of $6,500,000 in loans for everything from home improvements to honeymoons. For all the fears about hit-and-run borrowers, the loss rate was a low .3%-roughly the same as the U.S. average...