Word: banke
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Dates: during 1960-1969
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...Suharto have plenty of other economic problems. Inflation is rampant, and Sukarno, who scorned foreign aid, left the country with massive international debts. Suharto's "New Order," though, is beginning to make some order out of the mess, with advice from the International Monetary Fund and the World Bank. A moratorium has been arranged on debt repayments, a total of $230 million in aid has been arranged from nations in both the East and West blocs, and Suharto hopes to achieve a balanced national budget of $813 million this year. Most significantly, the Indonesian Congress last month passed...
...bond issues. Through branches and subsidiaries in New York, London, Geneva, Brussels, Amsterdam, Milan and Madrid, he shared the underwriting of 50 international securities issues. He helped Poland and Czechoslovakia to finance machinery buying in the West, formed a joint European subsidiary with the U.S.'s Bank of America, backed Monaco's Prince Rainier in his battle with Greek Shipowner Aristotle Onassis...
...raid. The U.S.'s Federal Communications Commission thwarted that move, but Paribas still expects to wind up with two seats on Columbia's board of directors. Last week Reyre reached across yet another border by announcing that Paribas has acquired a share in the West German business bank of S. J. Warburg. "He is very smart, very brave," says admiring Frank Manheim, a partner in Manhattan's Lehman Bros. "And he knows what he wants: to be the biggest banker in France...
Died. Jesse W. Tapp, 67, board chairman from 1955 to 1965 of the Bank of America, the world's largest bank, an indefatigable economist specializing in agricultural financing who was director of the Commodity Credit Corp. for six years during the Depression, was lured to "the bank for little people" by then President L. M. Giannini in 1939, and helped boost B.O.A.'s assets from $2 billion to $16 billion while acting as an agricultural adviser to five Presidents, including Dwight Eisenhower, whose farm programs he helped formulate in 1953; of arteriosclerosis; in San Francisco...
...character-crammed plots and subplots are synchronized by Director Richard Quine like cars in a well-run elevator bank. Something is always moving, nothing is ever out of control. The color is warm, the performances are solid, the talk is sensible-much more sensible, in fact, than it was in the novel. Paying guests will have a pleasant stay in this Hotel, and experience a mild but genuine regret at checkout time...