Word: bankes
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Dates: during 1970-1979
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...demonstrating because the bank refuses to make a clear policy statement that it will stop all loans to the government of South Africa or its public corporations until such time that a system of majority rule is implemented in that country." Peter M. Sacks '79-3, a member of SASC, said yesterday...
James Whitcomb one of the Chase recruiters, said last night he was not aware of the bank's involvement in South Africa. He added, however, "the bank will not lend to any group for something we see will support apartheid...
Although the bank does not currently extend loans to the South African government or its agencies, the bank's policy statement says it will continue to loan to the government or other agencies if it believes the loan would benefit all segments of South African society...
...Harvard Corporation has stated it will not hold certificates of deposit in any bank that is currently making, rolling over or renewing loans to the South African government. The Corporation holds no such investments in Chase Manhattan...
...spokesman for Chase said yesterday the protesting group of students is "ill-advised, misinformed," and "guilty of making untrue claims without having checked the facts." He added the bank has "been a leader in the opposition to apartheid in South Africa...