Word: bankses
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Dates: during 1990-1999
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Even though Swiss banks finally coughed up $1.25 billion last August in an out-of-court settlement of Holocaust survivors? claims, the country?s image remains badly soiled by such disclosures, which also included accusations that they laundered gold looted by the Nazis. Swiss officials are convinced that such revelations...
Usually when companies go public they use an investment bank like Morgan Stanley or Goldman Sachs to help market the stock to big investors. The banks charge a hefty sales commission -- called an underwriter's fee -- for the service, customarily around 7 percent of the total offering price. Instead Salon...
Since January, the price of oil had been dropping like a stone, from $25 to $9 per bbl. Independent oilmen like Bush were going under every day, dragging with them six of Midland's banks and its real estate, oil-services and retail industries. From the Rolls-Royce dealership on...
He was optimistic, but a sign that high hopes weren't warranted had come in late 1983, when the First National Bank of Midland collapsed under the weight of bad loans. "We had a saying that year," says oilman Don Evans, now national finance chairman for Bush's exploratory committee...
Later in his career, when the "Great Experiment" had proved to be successful and other black players had joined him, Jackie allowed his instincts to take over in issues of race. He began striking back and speaking out. And when Jackie Robinson spoke, every black player got the message. He...