Word: branches
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...been a classic thaw. Ever since British Prime Minister Margaret Thatcher proffered an olive branch to the Soviet Union over a year ago with the comment that "we have to live together on the same planet," relations between London and Moscow have steadily improved. According to some, this detente not only has helped spur the renewal of U.S.-Soviet arms talks but has also produced diplomatic rewards for Britain: on Dec. 15, Politburo Member Mikhail Gorbachev will lead a delegation to Britain. This will be followed next year by a visit from Soviet Foreign Minister Andrei Gromyko...
...private banking system is an economic nightmare." So far this year, 71 banks have collapsed, compared with 48 in all of 1983 and only ten in 1981. The latest failure was the First American Banking Co. (assets: $22.7 million) of Pendleton, Ore., whose office reopened last week as a branch of a competitor from a neighboring town. Government regulators have put more than 800 of the 15,000 U.S. banks on their "problem list." Officials keep the names on the list a secret to avoid alarming depositors and aggravating the situation. In the most dramatic bank rescue to date...
...holding firmly to a highly cautious lending policy: all major loans require unanimous approval from a committee of 14 senior bank officials. BankAmerica, whose profits have been pummeled in the past three years, formed a Retail Action Team, dubbed RAT, to cut back the company's overgrown branch system. The bank plans to close at least 121 of its 1,071 branch offices this year, despite angry complaints from customers...
Despite the 1927 Pepper-McFadden Act and many similar state laws that forbid banks to set up branch offices outside their home state, major institutions have exploited technicalities to spread like kudzu across the landscape. Citicorp now operates 980 offices in 41 states. Comptroller of the Currency Conover gave the movement a boost this month by approving permits for 83 so-called nonbank banks. These are institutions that can take deposits and provide all other financial services except making commercial loans. Banks have also tried to boost their share of the mortgage market by acquiring thrift institutions, the traditional source...
Like American Airlines, thousands of companies must routinely untangle the myriad variables that complicate the efficient distribution of their resources. Solving such monstrous problems requires the use of an abstruse branch of mathematics known as linear programming. It is the kind of math that has frustrated theoreticians for years, and even the fastest and most powerful computers have had great difficulty juggling the bits and pieces of data. Now Narendra Karmarkar, a 28-year-old Indian-born mathematician at Bell Laboratories in Murray Hill, N.J., after only a year's work has cracked the puzzle of linear programming...