Word: credito
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...Italy things have a way of happening suddenly. At the beginning of last week there were the "big four" banks: Banca Nazionale di Credito, Credito Italiano, Banca di Roma, Banca Commerciale Italiana. Then one evening Italian businessmen picked up their evening papers, were startled to learn that the first two of these planned a merger, that directors would meet to ratify the terms within four days. Although the banks are said to have conceived of the idea all by themselves, admittedly "encouraging and advising" the merger was the Fascist Government which has promoted many an industrial consolidation...
After the merger operating economy will be attained by Credito Italiano undertaking all the regular commercial banking while Banca Nazionale will become a securities corporation, financing industrial undertaking. Although the means are unusual, the result will be the first introduction of U. S. banking structure to Italy. Vice president of each section will be Alberto Pirelli, onetime president of the International Chamber of Commerce and a prominent Italian utility tycoon...
...George Colom- batovitch, that he had no choice but to sign the treaty, since the Italians had perfected means to foment a revolt in Albania which would have swept him (Zogu) out of power had he refused to sign. 5) Signor Mario Alberti, Director of the Banca di Credito Italiano, who arranged a loan to Albania 18 months ago, is alleged to have arranged with the Albanian authorities for a text of the agreement in Albanian differing from the binding text in Italian. Allegedly the Italian text (the "real" text) provides for interest at 13%, instead...
...Negotiators. To the Treasury Department came the Italian Ambassador Giacomo de Martino, Mario Alberti, director of a large Italian bank, the Credito Italiano, and attachés at the Embassy. They were received by the U. S. World War Debt Commission- Andrew W. Mellon, Chairman; Secretary of State Kellogg, Senator Reed Smoot, and Under Secretary of the Treasury Garrard B. Winston, Secretary of the Commission...