Word: gianninis
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...money (TIME, Oct. 23), back to prestige and dividends. What Continental is today it was made by the Brothers George and Arthur Reynolds who built it up (with 32 mergers) to be the biggest bank west of Manhattan -a title since taken over by Mr. Giannini's Bank of America of which Arthur Reynolds last February became vice chairman. To the Brothers Reynolds also went criticism for overexpanding loans, for sometimes employing good fellowship instead of good judgment in banking. On their heads also poured the wrath of Chicago's oldtime banking aristocrats. Today few Chicagoans care...
Amadeo Peter Giannini, No. 1 U. S. branch-banker and John Francis Neylan, oldtime San Francisco newsman and now William Randolph Hearst's shrewd, hawk-nosed general counsel, were elected directors of Manhattan's National City Bank. Taking two of the three seats vacated by Charles Edwin Mitchell, Hugh Benton Baker and Percy Avery Rockefeller, Messrs. Giannini & Neylan will speak for National City's largest stockholder, Transamerica Corp., of which Mr. Giannini is the rambunctious chairman. Transamerica acquired its block of nearly 600,000 shares when it sold Manhattan's old Bank of America to National...
...other partners were admitted last January: Hugh Knowlton, onetime vice president of the Manhattan Co.'s International Acceptance Bank, and Elisha Walker, once allied with Amadeo Peter Giannini who later ousted him as head of famed Transamerica Corp. As novices in K. L. they can, however, tell the Senate little, though they know well the general business of the house they serve, a house that stands next to Morgan in reputation but that is apt to tackle different jobs...
Employment. And last week though the stockmarket dipped and commodities turned soft, business continued to improve -long after the normal summer decline usually sets in. In San Francisco Amadeo Peter Giannini declared the Depression '"over." upped salaries in his Bank of America, restored dividends. In Akron the tire industry, rounding out its preparations for the National Industrial Recovery Act, topped two increases in tire prices with a 10% wage increase. In Washington the Federal Reserve announced that its index of department store sales stood only 2% under a year...
Chicago wondered last week whether Banker Giannini would also find a place for Banker Reynolds' rotund older brother George McClelland, 68, who has been unemployed since he quit Continental Illinois at the year...