Word: deposited
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Dates: during 1980-1989
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...spent just two hours considering a purchase offer of $55 a share, or $688 million in total, while the company may have been worth as much as $70 a share. The ten directors could be held personally liable for the difference. In another stunning decision last December, the Federal Deposit Insurance Corporation fired nine directors at Chicago's Continental Illinois Bank, holding them partly to blame for the institution's near collapse in September...
...FEDERAL Deposit Insurance Corporation shocked the banking industry in mid-December by requesting the removal of the 10 senior members of the 16-member board of directors of Continental Illinois Corporation, for decades one of the nation's most powerful banks. The move is the latest step taken by the FDIC following its bailout of Continental Illinois last spring, and, in view of its unconventional nature, should sound a warning to the entire industry. It should also raise questions about responsibility to shareholders and the accountability of directors for actions that might have catastrophic consequences...
American financial institutions will remember 1984 not as the year of Big Brother but as the year of living dangerously. Last week the Federal Deposit Insurance Corporation closed down the insolvent University Bank of Wichita, bringing to 76 the number of insured banks that have folded this year. That is the largest crop of bank failures since the Depression year of 1938 but far short of the 4,000 bank collapses in 1933, when Congress set up the FDIC to restore confidence in the financial system...
...similar if considerably less severe strategy was used last week by U.S. banking regulators. Chicago's Continental Illinois announced that the Federal Deposit Insurance Corporation had fired nine of the bank's 16 directors. Two other directors resigned...
...childhood to the altar, old Drosselmeier the taleteller and Nutcracker himself are no longer marzipan creations. In Ralph Manheim's vigorous new translation, mice and soldiers, clowns and children speak out as never before, and Sendak has found pictorial equivalents for their idiosyncrasies. The illustrations will be on deposit at the Rosenbach Museum and Library of Philadelphia, which owns Tenniel's original drawings for Alice in Wonderland. A fitting destination: last century's classic has been joined by a modern candidate for that status...