Word: banke
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Dates: during 1960-1969
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...become a real estate millionaire, Bravo, 57, established the first free clinic for Mexican-Americans in Los Angeles (opened in 1941, after Bravo won his medical degree from Stanford), founded a scholarship fund that has dispensed more than $100,000 to brainy pochos, and owns an Aztec-modern bank, with assets of $4,000,000, in East Los Angeles...
...They found Svetlana a receptive, if innocent, child. She had never had a bank account, had no idea that she would need a lawyer to protect her interests. All she hoped for from her manuscript was enough money to buy a car and a dog-a "gypsy" dog, she said, like her. Returning to New York, Greenbaum had no trouble landing her a contract with Harper & Row that would give her much more than car and dog: her book will be published in October, after serialization in LIFE and the New York Times, and Svetlana plans to donate some...
From his office 29 floors above Boston Harbor in the State Street Bank Building, George F. Bennett '33, Treasurer of the Corporation, watches over Harvard's billion. Aided by the 50-man staff of his State Street Investment Co. -- which Harvard retains--Bennett invests the endowment in all the usual areas: common stocks, bonds, and real estate...
...Absolutely Wild." The obvious goal for any ambitious bank or bank group is to span the U.S. with a single credit-card system. With computers keeping the bookkeeping cost within bounds, local banks would reimburse local merchants, then pass their bills on to the cardholders' own banks for collection. In the race to go transcontinental, the giant Bank of America has grabbed an early lead. Last year it began licensing banks outside its California domain to use its highly successful (2,057,000 members, $228 million annual billings) BankAmericard. Fifteen banks have signed up, adding 1,500,000 cardholders...
Died. Thomas S. Lament, 68, retired vice chairman of the board of Morgan Guaranty Trust Co. and one of the last links with the freewheeling Morgan era of U.S. banking; after open-heart surgery; in Manhattan. The son of one of Morgan's closest associates, Lament went to work for J. P. Morgan & Co. in 1922, becoming a director and vice president in 1940, was prominent in the 1959 merger with the Guaranty Trust Co. to form the nation's fourth largest bank (current assets: $7.6 billion), then retired in 1964 to the somewhat less rigorous life...