Word: bankes
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Dates: during 1970-1979
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...director has received. After the hour-long session, Lance hastily called a press conference to reveal-and rebut-new questions Heimann had raised about a $2.6 million loan to Lance by New York's Manufacturers Hanover Trust in April 1975, soon after he became president of the National Bank of Georgia. The big question is whether Lance got the credit as an improper quid pro quo for having his NBG place an interest-free deposit with "Manny Hanny...
...transactions were not connected, that he knew nothing of the memo before last week, that his loan carried an interest rate of one-half percent above the prime rate and was backed by considerable collateral. "No commitment nor discussion of any balance requirement was made between me and the bank," he insisted. Last month Lance offered similar denials concerning a $3.4 million personal loan from another bank -Chicago's First National-that received a deposit from...
...Should a bank grant a personal loan to the head of another bank that makes an interest-free deposit? Said a high officer of one of Manny Hanny's competitors: "Citibank wouldn't do it. Chase Manhattan wouldn't do it. Morgan Guaranty wouldn't do it." Now Comptroller Heimann will assess whether or not anything was improper. His investigation has been expanded to include all of Lance's loans from NBG correspondent banks -four of the five loans that...
...flee each summer to escape the capital's stifling heat. The Secretary, who suffers from a chronically bad back arrived fatigued from his 13-hour flight. Although he was limping slightly because of a calf muscle he had pulled the previous day in a tennis game with World Bank President Robert McNamara, he headed directly for Sadat's lavish four-story seaside villa. As Vance approached, Sadat began opening his arms for the traditional Arab embrace with which he used to greet Henry Kissinger; he quickly checked himself when the very reserved American thrust forward...
Even at its zenith in the early 1970s, the Baader-Meinhof gang never numbered more than about 25. Yet they frightened West Germany into a state of paranoia. Financing operations through frequent bank robberies, the gang set up bomb factories and, through their contacts with international terrorist groups, bought arsenals of weapons and ammunition. Suitably armed, the German terrorists embarked on a killing and bombing spree. They vented their rage on "consumer capitalism" by placing bombs in Frankfurt department stores. They struck at the hated Ami (unflattering German slang for "American") by setting bombs in U.S. Army headquarters in Heidelberg...