Word: deposited
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Dates: during 1980-1989
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...rest assured we are not going to take this lying down," declared Foreign Minister Roelof ("Pik") Botha. At a Pretoria press conference he announced what amounted to retaliatory actions. One was a levy on goods transported from South African ports to black states to the north. A cash deposit of 25% will now be required for imported goods bound for Zambia. In addition, a slowdown immediately went into effect at the Beit Bridge crossing between South Africa and Zimbabwe, as officials began a "statistical" study of the "nature and extent" of all goods moving across the border. Decrying what...
Starting in 1979 with a $70,000 deposit at Credit Suisse Ltd. in the Bahamas, Wilkis conducted some 50 trades using inside information, according to the Government. Along the way, he transferred assets to other banks in the Cayman Islands, controlling the money through still more institutions in Liberia and the Bahamas and using the code name Mr. Blake. Later, under the name of Alan Darby, Wilkis talked with Levine, who called himself Mike Schwartz, about various insider-trading opportunities. Sokolow, who did not know Wilkis, began in 1981 to supply Levine with information about the pending actions of Shearson...
...three U.S. agencies that regulate banks--the Comptroller of the Currency, the Federal Reserve Board and the Federal Deposit Insurance Corporation--said last week that they plan to ask Congress to relax laws that prohibit interstate banking. Reason: the regulators have begun preparing contingency rescue plans in which several big-city banks would stand ready to take over faltering institutions in the oil patch...
Nonetheless, banks and savings and loan associations will probably not pay their passbook holders much more than the current rate. Many of these customers kept their money in low-paying passbook accounts even when money- market funds or bank certificates of deposit were offering interest of 15% or more, in 1981. As a result, bankers feel, passbook fans are unlikely to bolt now that money-market funds are yielding a paltry...
During the early 1980s, most IRA money poured into banks and savings and loan associations because interest rates were going into outer space. But one- year certificates of deposit, which earned a handsome 15% or more in 1981, now bring savers only 8% or so. Result: many consumers, suffering from single- digit shock, have started moving their IRA accounts to Wall Street in search of better yields. IRAs invested in stocks typically earned a 26% return last year. "We're clobbering the banks. It looks like the tables have turned," boasts Gary Strum, first vice president in charge of pension...