Word: bankes
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Dates: during 1970-1979
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Although the price has not risen. Radcliffe may sell the stock anyway unless Bank of America comes up with a more acceptable policy regarding its loans to businesses operating in South Africa, Robert H. Gardiner '37, treasurer of Radcliffe, said last Tuesday...
...Bank of America will make loans to countries "provided that our lending is based on economic factors." Ray Toman, director of the bank's news bureau, said yesterday. "Political elements only enter in the decision if they impinge on the country's ability to repay loans," he added...
...Board of Trustees promised six months ago to sell its 20,000 shares of the bank's stock if the price reached $30 a share. It then sold at $25 a share, where it remains today...
...bank holds its annual stockholder's meeting next Tuesday. An alumna representing Radcliffe will vote then in favor of a resolution calling for the bank to refrain from making new loans to South Africa and renewing old ones. A similar resolution last year garnered only about 5 per cent of the vote. Toman said...
...resolution's probable failure and the bank's reluctance to change its stance on South African loans would create a moral issue, Gardiner said, adding that he did not give a damn whether we make or lose money" selling the stock...