Word: banks
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Dates: during 1990-1999
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This year, the council was able to balance its budget because of a $25,000 windfall, part of an infamous $40,000 it found tucked away in a bank account earlier this year. Next year, Seton said, it is unlikely they will be so fortunate...
...Safra's bank last year alerted the FBI to money-laundering operations emanating from Moscow, and Safra was widely reported to have obsessive fears for his life (Bonnant denies the fears). His security guards were recruited from among veterans of Israeli army special units. The night of the fire, however, Safra's entire security force were posted at his nearby villa; Safra was said to have wanted it that way, but it seemed a glaring lapse to leave him without a single guard. According to a Republic National bank spokeswoman, security chief Shmuel Cohen rushed to the apartment after...
...high-flying Giacchetto has crash-landed. His glitziest investors--Matt, Cameron, Leo--have abandoned him. A high-profile venture-capital investment fund he helped set up with a subsidiary of the Chase Manhattan Bank to attract celebrity dollars has disintegrated. And the once worshipful buzz has suddenly turned ugly. In Hollywood, a town built on tales of golden boys brought down, the wags are debating the reasons for his steep descent...
...young money manager in New York City, he befriended Jay Moloney, a fast-rising Hollywood agent and Ovitz protege. (Moloney committed suicide last month, after years of battling drug addiction.) With Moloney's entree, Giacchetto--blond, boyish and exuding a vulnerable aura--charmed his way into the lives and bank accounts of Young Hollywood. His new pals were dazzled by his ability to straddle two worlds. As DiCaprio manager Rick Yorn once said, he was "one of the few guys I know that can analyze a spreadsheet as well as run A&R at a record company...
...understand the antagonism toward paying ATM fees [BUSINESS, Nov. 29]. Twenty years ago, to cash a check you had to go to your own bank or a branch. You had to show up during banking hours, wait in line and then have proper identification. The banks have purchased and installed ATMs at a cost of thousands of dollars. Does anybody really think they did that without expecting to make a profit? Now you can go to your bank's ATMs and get cash usually at no charge at almost any time. Why would anybody in his right mind object...