Word: citibank
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Dates: during 1970-1979
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...Citibank stops its loans; Olin is indicted for rifle sales
...investments in the land of apartheid can be high, but so can the costs in bad publicity. Last week the spotlight fell on two companies that had reacted to the dilemma in widely contrasting ways. In New York, Citicorp, holding company for the U.S.'s second largest bank. Citibank, let out the word that it had stopped all lending to the South African government and government-owned companies. In New Haven. Conn., Olin Corp., the owner of the Winchester Group, which is one of the largest U.S. firearms makers, was indicted on a charge of conspiring to ship weapons...
...There's no indication that there'll be anything but cosmetic changes in U.S. policy," Schecter said. "At best we can expect more statements made under pressure from Carter, mild economic measures like Citibank's withdrawal of government loans, with Andy Young running around claiming credit, and continuing to believe that U.S. corporations are the key to the achievement of justice...
...Wednesday, Citibank's executive vice president for international affairs defended that bank's South African operation before the ACSR. But the stocks still went up for sale...
...RIOTING that followed Chamorro's murder, one of the Managua offices the mobs attacked was Citibank of New York. Lest our true allegiances be forgotten, we should note that the Harvard Business School awarded Somoza with an honorary degree. Furthermore, while beans, corn and other key foodstuffs are in short supply in Nicaragua, significant amounts of the arable land in the nation are owned by U.S. corporations and used for cultivating cash crops, such as coffee, cotton and bananas. Most importantly, America must not forget the conclusion that then Congressman Edward Koch of New York reached last summer after...