Word: bins
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Dates: during 1990-1999
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...waited more than a year after seeing a Price Waterhouse audit that raised serious questions about B.C.C.I.'s viability before seizing its 25 branches in Britain. One explanation: the Bank of England was conducting extended negotiations with Abu Dhabi authorities, apparently hoping that B.C.C.I.'s current owner, Sheik Zayed bin Sultan al-Nahayan, would shore up the bank. But more suspicious experts raise questions about B.C.C.I.'s links to Western intelligence agencies. Leaders in Parliament have expressed outrage at the regulatory failure, which among other things has endangered deposits from as many as 45 municipalities and four utilities...
...could an impeccably honest Bedouin sheik get stuck in a mess like this? Despite his solid-gold reputation, Sheik Zayed bin Sultan al-Nahayan, ruler of Abu Dhabi and President of the United Arab Emirates, found himself last week at the center of the largest global banking scandal ever. As the most recent owner of the notoriously corrupt Bank of Credit & Commerce International, which regulators closed earlier this month, Zayed has become the unwitting goat for nearly two decades of alleged fraud by the bank's Pakistan-based managers and for years of neglect by banking authorities around the world...
Meanwhile B.C.C.I.'s far-flung empire is imploding. According to investigators, as much as $10 billion is missing from the company's books. Sheik Zayed bin Sultan al-Nahayan, the ruler of Abu Dhabi, has pumped in $1 billion to keep the bank afloat since taking it over last year and has dismissed hundreds of the Pakistani bankers who ran B.C.C.I. in its heyday. Abu Dhabi, the Bank of England and the Federal Reserve are struggling to come up with a workable restructuring plan that will satisfy regulators amid continuing disclosures of illicit banking activity...
Last fall, when Cambridge received a visit by Saudi Arabian Prince Turki Bin Abdul Aziz Al Saud--whose shady past included allegations of kidnapping and police bribery--Harvard shamelessly rolled out the red carpet. With Harvard's approval, dozens of University police officers moonlighted as private security guards for the prince, ignoring attacks on Harvard students by the prince's bodyguards and short-staffing the Harvard Police Department. Harvard finally banned its officers from working for the prince--after he had donated millions to the Medical School...
Ironically, Charlotte and New Jersey wound up with the first two picks after finishing with identical 26-56 records. A coin flip before the lottery determined that the Hornets would get seven balls in the lottery bin and the Nets eight...