Word: posts
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Dates: during 1980-1989
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...rising competition are choking the profits of America's 14,300 banks, killing hundreds of small institutions and stunting the growth of larger ones. Earlier this month federal regulators closed nine insolvent banks in a single day; during all of 1987 they expect to shut down nearly 200, a post-Depression record. Says L. William Seidman, chairman of the Federal Deposit Insurance Corporation (FDIC): "The banking industry will have its worst year since...
Already, the limited coming-to-grips with bad loans has wiped out 1987 profits at many major U.S. banks. Analysts expect most of the largest institutions to post overall losses. Among them: Citicorp, BankAmerica, Chase Manhattan, Manufacturers Hanover and Chemical Bank. Last week Pittsburgh's troubled Mellon Bank, the twelfth-ranking U.S. institution, disclosed that it would be about $220 million in the red for the fourth quarter, after boosting its loan-loss reserves...
...sought to immunize himself against titillating new exposes. For the moment, the strategy seemed to be working. After publishing photographs of Hart dallying with Donna Rice and watching him admit his marital infidelity on Nightline, journalists were adhering to an informal prohibition against double jeopardy. Last spring the Washington Post confronted Hart with evidence of his having a long-running affair with a Washington woman. Hart withdrew and the story never ran. The Post decided not to name names, and nothing more is in the works. "I can't go out and find every woman he ever scaboozled," says Post...
...probably do little more than confirm existing doubts about his self-control, and could create a backlash of sympathy for him. That does not mean, however, that the well-documented evidence of his deceitfulness ought now to be ignored. "Lying and cheating are serious charges against anyone," says Washington Post Political Reporter James Dickenson, "and it is not sensationalist or irrelevant to examine them." Even as the public resents the intrusiveness of the press, it will continue to demand to know as much as possible about the people who seek to guide the future of the nation. Thus questions about...
...scouts the Eastern states for grand old homes, hotels, theaters and churches that are being modernized or are coming down completely. After negotiating a salvage contract with the buildings' owners, his band of gung-ho reclamation experts carefully removes architectural details. These are spiffed up and sold -- primarily to post-modern architects, cutting-edge decorators and well-heeled homeowners -- in the firm's huge showrooms in New York City and Montpelier and at four East Coast franchises...