Word: gianninis
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Dates: during 1930-1939
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Most businessmen are known by the company that keeps them. Not so, burly old Amadeo Peter Giannini, the J. P. Morgan of the West Coast. The 495 branches of his Bank of America mirror "old A. P.'s" domineering personality as sharply as the name of his huge bank holding company, Transamerica Corp., mirrors his ambition...
...Italian immigrant, A. P. symbolizes to millions of depositors the small man who has lifted himself up without toadying to "the interests." Conversely, most of the interests hate the Giannini guts. The nation's biggest branch banker, he is notably scornful of Wall Street, has enjoyed nothing more than annoying its orthodox banking fraternity by backing New Deal financial policies. Wall Street was therefore enormously delighted last week because the New Deal had bit the only big banking hand that ever...
...more poignant thought, the real meat of last week's meeting (although fulminations made most of the headlines), was contained in a report of A. B. A.'s economic policy commission, which includes such famed bankers as A. P. Giannini, Winthrop Aldrich and Leonard P. Ayres. Acknowledging that "this present business upturn clearly appears to mark the beginning of a new business cycle," the report offered a gloomy pronouncement that "banks in general may not derive profit from this business expansion, even if it continues with unabated vigor throughout next year. . . ." U. S. banking at present is like...
Beauty and the Beast (Thurs. 10 p. m., CBS). World premiere of an opera written specially for radio by Composer Vittorio Giannini, Librettist Robert A. Simon. Tenor Charles Kullman heads the cast...
...name of Fleishhacker-not only because Banker Herbert Fleishhacker was a big contributor to them, but because when serving a brief term as a park commissioner he named almost everything but the city sidewalks after himself. Generally regarded as the West Coast's No. 2 financier (Amadeo Peter Giannini, No. 1), Herbert Fleishhacker for years has headed Anglo California National Bank, seen its deposits zoom from $4,500,000 to $200,000,000. Last week his career as a banker was over...