Word: gianninis
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Dates: during 1930-1939
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Unusual as was the inclusion of small stockholders in a big official pool, yet more unusual was the explanatory interview given by Amadeo Peter Giannini, founder of Bank of Italy whence sprang Transamerica. He said, startlingly, that the syndicate should give protection ". . . against such drives ... as have been experienced since the middle of the year 1928, at which time and since a certain California competitor has been a most active participant in the group conducting the market operations. . . . May I urge . . . stockholders to put up a united front against the enemy...
More than one potent California banker bridled angrily, sure that he was the "certain competitor" accused by Mr. Giannini. But well-informed observers paid little heed. Mr. Giannini, 60 and retired, is no longer official spokesman for Transamerica, having been succeeded a year ago by astute Elisha Walker of New York. And while it is true that there has been a large professional short interest in Transamerica stock, Wall Street has not been conscious of any great golden California bear in its menagerie. Embarrassing as it might have been for Transamerica's active management, the Giannini outburst - made...
...lecture in Italian, open to the public, will be given by Professor Torquato Giannini of University of Rome in Emerson J at 8 o'clock this evening. The subject is "La Navigazione in Virgilio...
...Bank of Italy. Stoutest of all advocates of branch banking is Amadeo Peter Giannini, and classic example of a bank-with-branches is the Giannini-founded, Giannini-expanded Bank of Italy National Trust & Savings Association. California-wide institution. Last week it was revealed that soon Bank of Italy will succumb to the same forces of expansion and merging which it created. As soon as details are worked out, Bank of Italy will merge with Bank of America of California, newer Giannini institution. The new bank will be called Bank of America National Trust and Savings Association, will have resources...
...passing of the greatly famed name "Bank of Italy" is seen the policy of the new Transamerica management to remove any local, partisan significance attached to the Giannini structure. Mr. Giannini himself saw this was essential and, shortly after old Bancitaly stock crashed, the company was succeeded by Transamerica Corp. Yet Transamerica is influential in Italy through control of the Banca d' America e d'ltalia which only last week expanded further through purchase of the seven-branched Banca-Italo-Britannica...