Word: bankes
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Dates: during 1930-1939
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...France's best financial brains, including François de Wendel (coal, steel, munitions), the Marquis de Vogüe (Suez Canal Co.. chemicals). President René Duchemin of the French Manufacturers' Association, Robert Darblay (paper), Louis Blanc (casinos) and Ernest Mallet, current representative of a banking family which has had a member on the board since the Bank's foundation, 136 years ago. To gether the old Regents are worth probably 7,000,000,000 francs...
They were dismissed by the Bank's new Governor Emile Labeyrie, an appointee of Socialist Blum, with these words: "Messieurs, you date back to the Consulate and to the Empire. You are so completely identified with the Bank as conceived by its founders, that, since the day has come to rejuvenate this old house, it appears impossible to invite you to participate in this restoration." Inexpressibly shocking to French business was the prompt appointment by the Government to the new board of Regents of goateed, rabble-rousing Labor Leader Leon Jouhaux, who last week flew to Spain...
Premier Blum heartily wished Spain would float away to some other planet while the French Chamber of Deputies adjourned and the Bank of France was reorganized, but he and Foreign Minister Yvon Delbos had to do something about Spain and kept pressing upon the Great Powers their round-robin resolution for absolute neutrality (TIME, Aug. 17). Benito Mussolini declared that Italy could adhere to it only if all powers signatory to it would bind themselves not only to refuse "State aid" to Spain but to prevent "private aid" as well from reaching Madrid. In a rage at this, some...
...October 1928, burly Amadeo Peter ("A. P.") Giannini clearly asserted his intention of throwing a network of banks across the U. S. when he named his bank holding company Transamerica Corp. That year the No. 1 U. S. branch banker was well on his way toward his goal, with 2,000,000 loyal depositors, mostly of Italian origin, in a formidable lineup of banks in California, New York and Italy. Already he had begun nosing into Chicago, Kansas City, St. Louis and New Orleans, dabbling in the security trading business through Bancitaly Corp...
Last week Leo Belden was a Wall Street stock broker and Elisha Walker was a partner in Kuhn, Loeb, while "A. P." Giannini was once again busy spreading his banking empire over the western U. S., which is legally kinder to branch banking than any other section. In 1931 he accepted the loss of his Manhattan bank, concentrated on bringing little Western banks into the fold of San Francisco's great Bank of America National Trust & Savings Association (with 447 California branches) and Portland's First National Bank (with 28 Oregon branches). Two years ago Transamerica edged eastward...