Word: bankes
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Dates: during 1970-1979
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...about a system used from July 1974 until 1977. Now is a wonderful time to tell us that they don't like it." Scott notes that not all professors and researchers are skilled in bookkeeping; "some professors keep great records but others don't. Some people check off their bank statements at the end of every month and some...
Anyone opening a new savings account has long had his pick of desk lamps, hair dryers or blenders, but the East New York Savings Bank is showing up the purveyors of discount detritus for the pikers they are. Full-page newspaper ads offered depositors something more than "a tacky little toaster" in return for $160,000 left on deposit for eight years -an $84,000 Rolls-Royce Silver Shadow II. When the Desert Empire Bank of Cathedral City, Calif., tried the same gimmick in 1977 in return for a $ 1 million six-year deposit, it failed to find even...
Hard up for cash, banks are willing to try just about anything to attract deposits. Some, like New York's Manhattan Savings Bank, are gemutlich meeting places where savers gather in the lobby to hear pianists play golden oldies. Others, like California's Crocker National Bank, have sought to humanize their temple-of-commerce image by handing out Teddy bears. Robert Klein, a marketing consultant to 15 banks in the West, reports that his savings-starved clients have given away 23,000 color television sets in the past three years and 650 mopeds in the past 90 days...
...small saver need not keep his money in a passbook account, but he has fewer choices than large investors. If he is willing to tie up his money for a long time, he can buy four-year bank certificates linked to the Treasury note rate, now paying over 8%. But depositors with $10,000 can earn 10% from six-month money market certificates, and people with $100,000 can pick up 11% from three-month bank certificates of deposit...
...think you can casually stand aside and watch a company the size of Chrysler go down. You have to calculate the cost of Chrysler going under and ask if it is worth something to prevent that." But many more echo Clarence Barksdale, chairman of the First National Bank in St. Louis: "If you have any belief in the free-enterprise system, you have to let weak companies like Chrysler sink...