Word: loan
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Dates: during 1960-1969
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...voters' love for Boykin ran out in the 1962 Democratic primary. Five months after his defeat, he was charged with accepting a bribe in an attempt, as a Congressman, to persuade the Justice Department to go easy on a convicted savings-and-loan swindler.*He was found guilty, given a $40,000 fine and a six-month jail sentence, which was suspended because...
...customers. It writes nearly every kind of insurance through 15 subsidiaries, including Occidental Life Insurance Co., the ninth largest insurers in North America, leases autos and plant equipment, offers consumer-finance and mortgage banking, develops real estate. It is scouting for a mutual fund and a savings and loan association with an eye to further improving its profits-which reached $39 million last year (48% from Occidental) and are expected to rise another 15% this year...
...years ago Montecatini was in deep trouble. The company, whose products range from aluminum to antibiotics, expanded too rapidly during Il Boom, found itself strapped by ambitious commitments, soaring wages and increased building costs when Il Sboom-the recession-hit Italy. Unable to obtain a needed $72 million loan in a shrinking capital market, Faina skipped a dividend for only the second time in 18 years, looked around for other relief. He found it in a partnership under which the Royal Dutch/Shell Group put up half the cost of Montecatini petrochemical plants abuilding at Ferrara and Brindisi...
...that the U.S. would continue to exert economic pressure on India for a Kashmir compromise, Washington last week promised to 1) help New Delhi avert a famine by accelerating shipment of 1,500,000 tons of grain and 2) stimulate its own food production by granting a $50 million loan for fertilizer...
...financial community quickly adjusted to that new bench mark. As the other ten regional Federal Reserve Banks followed the lead of the New York and Chicago banks in adopting the higher discount rate, most commercial banks boosted their own prime rates-the amount they charge top borrowers for a loan - from...