Word: loan
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...year the job had been hers on loan. When San Francisco Mayor George Moscone was shot and killed by Daniel White during a political dispute, Dianne Feinstein was appointed mayor by the board of supervisors, which she served as president. Last week Feinstein, 46, became mayor on her own and established herself as the city's leading political power as well as its first woman chief executive. In a hard-fought election, she defeated Quentin Kopp, her conservative and abrasive challenger...
Many European and U.S. bankers have been at odds since mid-November. It was then that Chase Manhattan and six other large U.S. banks in an eleven-member syndicate used their voting majority to declare a $500 million loan to Iran in default. That raised fears of still further defaults and sparked the rush to seize Iranian assets as compensation...
Pressure is mounting on Chase in Europe to reconsider and reverse the default. One reason: the bank apparently did not tell its European partners that Iran had asked for a transfer of its funds to pay the interest on the loan, but that this payment had been blocked by President Carter's freeze on Iranian assets one day before it was due. Some Europeans now charge that the U.S. banks are acting as mercenary scouts of the Carter Administration in its campaign against Iran and that they have stopped playing the banking game under the gentlemanly rules of prior...
West German bankers have been particularly angry. Morgan Guaranty, one of Chase's U.S. partners in the defaulted $500 million loan, went into a German court and attached Iran's 25% investment in two big German companies, Friedrich Krupp and Deutsche Babcock. Last Tuesday, a day after a terrorist bomb exploded outside the bank's Frankfurt office, Morgan obtained a second court lien on the same assets to cover yet a further Iranian debt. The German bankers had thought they would have first call on these assets if Iran failed to pay some of its German loans...
Your Money by Richard Phalon. The reader who follows all of Phalon's advice may or may not "minimize his tax bite and manage himself into a surplus" as the author promises, but he will have had a good time for his $8.95. Explaining that loan rates can be negotiated, the Forbes magazine editor urges readers to take a firm stand with their bankers: "Insert the term 'banking relationship' into the conversation like a nicely greased thermometer and mention the imposing size of your checking and savings account balances. If that doesn...