Word: loaned
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Dates: during 1960-1969
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...officers of many major corporations, the man to see about a particularly complicated loan has been Alden Winship Clausen, vice chairman of the San Francisco-based Bank of America. Outside the corridors of corporate power, however, Clausen is almost unknown. He belongs to few clubs and, unlike many bankers, has never headed a Chamber of Commerce. From now on, he will operate more in the public eye. Last week Bank of America directors chose "Tom" Clausen, 46, to become president and chief executive of the world's largest commercial bank...
Married. The Rev. Daniel McLellan, 53, Denver-born Roman Catholic missionary priest, who while on assignment in Peru in 1960 pioneered a savings and loan association, Mutual El Pueblo, for impoverished peasants, then built it into a $14 million concern; and Ada Chirinos, 28, his Peruvian secretary; in a civil ceremony; in Lima. McLellan's resignation from the priesthood was sanctioned by the Pope, and he will stay on as president of the savings and loan association, now Peru's largest...
...favor" on the third hole. But he delayed revealing what he wanted until the 16th. By this time his companion, anxiously speculating on how many pounds-ten? 100?-Potter was going to touch him for, was dubbing every other shot. As it developed, all Potter requested was the loan of a razor blade, a gambit that ruined the remainder of his friend's game. "Relief," added the author, "creates a tendency to pull...
...brought a further rise in interest rates from their already towering levels. High-grade utility bonds were offered in Wall Street at a record 8.9% yield. William F. Butler, vice-president of the Chase Manhattan Bank, says that banks are refraining from raising their 81% prime rate on business loans only because they fear "the wrath of Congress." The prime rate is an increasingly unreliable guide to borrowing costs anyway. Growing numbers of borrowers pay as much as 10.6% interest on loans officially made at the prime rate, because banks are strictly enforcing a rule that the borrower must leave...
...have started to organize and protest; but even at the fire-sale price, Storer will get out with a profit. It has put $35 million into Northeast, and will receive Northwest stock currently worth around $38 million, plus a Northwest promise to repay with interest a $10 million Storer loan to Northeast...