Word: hambelton
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Dates: during 1980-1989
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Manufacturers Hanover denied that it suddenly needed to raise cash and called the rumors "absurd." Senior Vice President James Hambelton said the bank had one of the smallest portfolios of bad loans of any lender its size...
...less than 2% of Manufacturers Hanover's loans are nonperforming, or not paying interest. Said Hambelton: "We never had any funding problems." The banker was particularly incensed by reports that Manufacturers Hanover was selling off British government bonds, or "gilts," to help meet obligations. He angrily denied even owning such bonds...
...Charles Hambelton, staff attorney for the Boston School Committee, said yesterday that the amendment will not affect Boston schools, because city busing programs are well-established, but he added the bill could hamper school desegregation in other areas...
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