Word: bankes
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Dates: during 1970-1979
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...bank opposed the resolution because its directors believe that by continuing to make selective loans to South Africa rather than withdrawing its money, Bank of America can do more to improve labor and social conditions there, Greene said...
...recognize that apartheid causes political strains. As a result, we have had a long policy of restraint with regard to loans to South Africa," Jim Langston, senior vice president in charge of social policy for Bank of America, said last night...
...said the bank does not make loans to the South African government itself, but it does lend to government-owned corporations and agencies...
...Bank of America currently has mainly short-term loans outstanding to South Africa that comprise a small percentage of the company's $49 billion worth of outstanding loans, Greene said...
...addition to voting for the shareholder resolution, Radcliffe officials communicated with high-level executives at Bank of America in order to convince the company to establish a more acceptable policy on loans to South Africa, Gardiner said...