Word: gianninis
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...shadow grew across the West, Amadeo Peter Giannini's vast (516 branches) Bank of America has been the target for assorted stones from many a sling. For two years the Department of Justice's Antitrust Division investigated; off & on for eight years the Securities & Exchange Commission let fly, with everything from pebbles to paving blocks. Every shot bounced off the tough hide of old (78), imperious "A.P." Last week Bank of America reported record resources of $5,859,234,000, putting it farther out in front than ever as the biggest U.S. bank...
...recent weeks a small army of Federal Reserve Board agents has been reconnoitering deep in the territory of Bank of America and Giannini's holding company, Transamerica Corp. (which also controls 40 smaller banks, owns stock in dozens of industrial and insurance companies). Guided by their reports, FRB last week swung its sling. Under a section of the Clayton Antitrust Act that has never been used before, it quietly issued a stern order to Transamerica: show cause why FRB should not order it to end certain "monopolistic" practices. (Transamerica must answer the charges at a closed hearing in November...
...carefully gathered evidence: Transamerica controls about 80% of all deposits in Nevada, 39% in Oregon, 42% in California, including 100% in 13 counties. The complaint was based on more than a general charge of the Brandeisian sense of bigness. According to the complaints of scores of bought-out banks, Giannini played unfair ball by hiring away their top officers and paying fantastic prices to their stockholders...
France, their strength did not come from deserting Communists. Instead, it sprang from deserting rightists (Guglielmo Giannini's Qualunquists, et al.), attracted by the Christian Democrats'newly firm anti-Communist line. The "People's Bloc" of Communists, left-wing Socialists and assorted minor parties more than held its own with 208,000 votes...
...Steps on It. A. P. Giannini's Bank of America extended its lead as the largest U.S. bank. Its midyear statement reported total resources of $5,469,783,000, topping New York's National City Bank, the nation's second largest, by more than $400,000,000. New York's Chase National Bank, once neck-&-neck with the leader, ran third with...