Word: depositors
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Swiss will lift the secrecy veil if a depositor is accused of a serious crime, but they refuse to worry about tax dodgers. "We cannot act as a policeman for foreign governments," argues Schaefer. He says that his bank provides numbered accounts only for people known to its officers-"not Al Capones or South American generals" -and that it turned down deposits from the Dominican Republic's ousted Trujillo family. But he allows that "not all banks in Switzerland apply the same standards...
...something attractive and imaginative: a red brick snailshell. Customers enter where a snail would, find tellers ranged behind a curved counter inside the shell. Daylight comes through a plastic dome in the roof. The little building has caused much comment ("Entering it along that sloping pathway," says a woman depositor, "is like being sucked into a hair drier"), and many Bostonians will be sorry to see it torn down...
...customers. Programming ahead for the computer pools, Booz, Allen's Neal J. Dean, partner in charge of management information systems, sees the day when all banks will cease being banks as people know them and become a network of computer-run "financial utilities." When that day arrives, the depositor may not even get a glimpse of his paycheck. His employer would send it directly to the bank, and he would need only a banking credit card, good for buying against his deposits everything from Kleenex to Cadillacs...
...ease the mortgage market, savings and loan societies have grown up in the past two years. Unlike those in the U.S., the Argentine S & Ls accept deposits only from prospective borrowers. Each depositor makes monthly payments of from $15 to $60 toward a future mortgage loan of up to $18,000, then waits an average of three years to get it, at 12% to 14% interest (current mortgage rates in the U.S.: about 6%). Since the wait is pretty discouraging, the societies have tried to help a few, and stir up the curiosity of all, by means of a lottery...
...Trust still wants no truck with the $5-a-week depositor, but there are signs that it will take clients who are merely silver-plated. Says President Buek: "We have tried hard to live down our reputation. We hate to have a man come in with only half a million and be afraid that we won't want to bother with...