Word: bankers
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Dates: during 1960-1969
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Died. Walter J. Cummings, 88, key man in the Depression's bank holiday, a Chicago banker and businessman who in March 1933 took charge of screening 17,000 banks shut down by presidential order, within a week reopened 12,000 of them, eventually either closed or merged 5,000 others, meanwhile organizing the Federal Deposit Insurance Corp. to rebuild public confidence in the nation's banking system; of arteriosclerosis; in Chicago...
Died. Rene Magritte, 68, the most appealing and least pretentious of surrealist painters; of cancer; in Brussels. A short, stocky Belgian, Magritte called himself a "secret agent," alluding to the disparity between appearance and reality in both his life and art. He painted as he dressed, mostly in banker's black and grey, composing his scenes with photographic accuracy. But what impish fantasies: cigar boxes puffing smoke, a leaden sky raining tiny, bowler-hatted figures, the leaning tower of Pisa buttressed by a feather, Botticelli's Primavera superimposed on the back of a businessman's overcoat. "People...
Died. Manuel Prado Ugarteche, 78, twice (1939-45, 1956-62) President of Peru, a courtly aristocrat and banker, who during both of his administrations gave early, unwavering support to the U.S., first against Hitler, later by breaking diplomatic relations with Cuba's Castro, as wartime leader took impressive strides toward industrialization, and did much to stem an inflationary tide during his second term; of a heart attack; in Paris...
Died. H. H. (for Hsiang-hsi) Kung, 86, Nationalist Chinese banker politician who became brother-in-law to Ge eralissimo Chiang Kai-shek when he married into the powerful Soong banking family, as Finance Minister from 1933 to 1945 introduced the boon of standardized paper currency, but during his premiership (1939-45) was helpless against the war-wrought inflation that left China sliding toward bankruptcy, after which he was eased into honorary jobs and retirement in the U.S.; of heart disease; in Manhattan...
...successful banker, Semenenko is also a controversial one. He has been criticized in the industry and in Washington for investing in such firms as Curtis Publishing Co. personally while doctoring them professionally. He has also been castigated for borrowing from charitable foundations to finance personal investments. Ethics aside, there was presumably nothing illegal about such transactions, nor in the $1,000,000 fee. But when First National opened an investigation, Semenenko promptly agreed to turn the fee over to the bank because, said an associate, "it had become an issue and because he has the bank's best interests...