Word: creditcard
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...chamber-of-commerce oration. In 1904 an immigrant's son, Amadeo Peter Giannini, founded a poor man's bank in a San Francisco saloon. Today the Bank of America is the world's largest, with assets of $25 billion, 952 Stateside branches and 94 overseas, and a creditcard system used by 25 million worldwide subscribers. Another poor boy. Charles B. ("Tex") Thornton, who started out as a government clerk, is one of the pioneers of the conglomerates with his Litton Industries. It was California that sent the aerospace industry rocketing; today companies like Lockheed and North American Rockwell command...
...fast-spreading use of bank credit cards, which have become the hottest topic of debate and a source of frenetic competition among U.S. bankers. During the past twelve months, estimates the Federal Reserve Board, more than 1,000 banks have moved into the field. "We're on a creditcard binge," says Executive Vice President Paul Welch of Atlanta's Citizens & Southern National Bank. And most bankers agree that neither banking nor business will ever be the same...
| 1 |