Word: largest
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Dates: during 1970-1979
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...though the Post story was vastly overplayed and gave little perspective, it did touch on real concerns with in the banking community. The comptroller's office no longer keeps the list that the newspaper described, but it did until sometime last year. Citi bank, the second largest U.S. bank, and Chase, the third largest, really had been on the list. And the fact that two such giants could have been deemed in need of extra regulatory attention illustrates the pervasive na ture of some genuine troubles in the nation's banking system. Collectively, the 14,600 U.S. commercial...
...million, v. $64.5 million in the same period a year earlier. San Francisco-based Bank of America, the biggest of all U.S. banks, wrote off only a relatively small $78 million in bad loans for the first nine months of 1975. Even so, Bank of America and the seven largest New York banks collectively swallowed $737 million in bad debts during that period, nearly 31/2 times the $215 million total a year earlier...
...today is officially a subsidiary of Citicorp, a holding company also headed by Wriston, which is involved in mortgage banking, leasing and financial consulting, and runs 148 consumer-loan offices in 19 states through its Nationwide Financial Services Corp.) During the 1970s, Citibank has moved from third to second largest bank in the U.S. in terms of assets, elbowing past its traditional rival Chase. There are persistent rumors that some Chase directors are unhappy and would not be sorry to see Chairman Rockefeller leave-though there is no indication that he will. Wriston's reputation, in contrast, continues...
...standards that Alabama's prisons and other penal facilities must meet-from a weekly change of bed linen and "three wholesome and nutritious meals" a day to almost halving the current 4,400 inmate population and nearly doubling the 383 guards at the state's four largest institutions. The judge ordered that every inmate be given "a meaningful job," a chance to take "basic educational programs," and an annual classification check to determine whether transfer to "a more appropriate facility"-perhaps a mental hospital-is necessary...
INSOFAR AS Cash has done a good job discrediting Loeb, he is worthy of praise for his effort, particularly since this is the New Hampshire primary season, usually the Union Leader's peak power period. The book has quickly become the largest seller in the history of New Hampshire. Both Loeb and Governor Meldrim Thomson have sued Cash for libel, and Loeb's personal history is suddenly a topic of national curiosity...