Word: nationsbank
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...Nationsbank Corp. announced Monday it will provide a $300 million secured line of credit to help finance the 1996 Summer Olympics, whose officials projected a 37 percent increase in the cost of hosting the Games...
Payne said during a news conference that officals would keep their promise not to seek public funding to host the Games--and he said the loan from Nationsbank will help...
...sometimes say the initials stand for "No Cash for No Body." The gripes grew even louder last month, when NCNB and C&S/Sovran said they would merge to form the third largest U.S. bank. Critics predicted short shrift for the poor and struggling. But last week the new giant, NationsBank, promised to lend $10 billion during the next decade in a community-development program that will encompass nine states. Goals include the financing of affordable housing and consumer loans for workers "left on the sidelines of economic progress...