Word: nationale
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Dates: during 1960-1969
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Annual interest rates on Eurodollars have fallen to 11 % from a peak of 13% , which was reached for a day or two in the second quarter. U.S. banks had been borrowing huge quantities of such dollars on deposit in Europe in order to meet their loan commitments at home. Lately...
The prime rate on loans to businesses by major banks remains at a record 8½%, but now bankers are talking of possible future cuts rather than further increases in the rate from which all other interest rates are calibrated. Gaylord Freeman, chairman of Chicago's First National Bank...
Lending Is Not Enough. To the policyholder, the most noticeable result has been that his insurance agent now frequently tries to sell him mutual-fund shares. About 150 of the insurance companies have bought mutual funds, started their own or concluded agreements to have their insurance subsidiaries help sell the...
Hurt Pride. Computer experts also joined in the attack, charging that the system had failed to provide the service necessary to accommodate their industry's astonishing growth. Lewis Clapp, president of Dial-Data Inc., of Newton, Mass., predicted "national telephone blackouts" by 1972 unless the telephone companies take faster...
A California-bound business executive walked into a branch of the First National City Bank in Manhattan last week and picked up a pair of tickets for a Hollywood Bowl concert. A Manhattan-bound Angeleno bought tickets for the Broadway hit Oh! Calcutta! at a Beverly Hills hotel. Both made...