Word: depositer
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...five years following ratification, plus $50 million in military aid over ten years. This income, says Pedro Rognoni, president of Panama's Industrial Association, "will not solve the economic problem-that will be solved only by production." There are many possibilities for development. The Cerro Colorado copper deposit, near...
Harvard still owns about $16 million in bonds and short-term certificates of deposit in three banks operating in South Africa, although financial officials for the University say all these notes will be paid off by June...
...University still owns over $10 million of short-term certificates of deposit in three banks operating in South Africa, but these certificates will be paid off by June at the latest, Sigular said...
Judging by his past record, that bullish view may be a trifle myopic. In 1975 Pharaon bought control of Detroit's Bank of the Commonwealth, a rickety go-go institution that had been saved from bankruptcy only by the intervention of the Federal Deposit Insurance Corporation. Despite much talk of expansion, Pharaon in 1976 sold his interest in that bank to a Paris-based company. Nonetheless, he professes great faith in the U.S. banking business. Last September he bought 20% of Houston's Main Bank, in which former Treasury Secretary John Connally is a stockholder...
...attract new deposits, banks have been giving away everything from toasters and TV sets to European vacations. Now the tiny Desert Empire Bank (assets: $8.5 million) near wealthy and exclusive Palm Springs, Calif., has come up with the most alluring bait perhaps considered so far: a $55,000 Rolls-Royce Silver Shadow limousine for any customer who will sink $1 million into 6.25% certificates of deposit for six years. The bank will also throw in the price of the sales tax and license plates...