Word: schulmans
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MAKEUP: Charlotte J. Quiggle (Chief); Eugene F. Coyle (International); Leonard Schulman (Deputy); Peter J. McGullam...
MAKEUP: Charlotte J. Quiggle (Chief); Eugene F. Coyle (International); Leonard Schulman (Deputy); Peter J. McGullam...
...scandal led to the failure of Cincinnati's Home State Savings Bank, which had invested as much as $150 million in E.S.M. That in turn sparked a run on savings institutions across Ohio. A month after the E.S.M. fiasco came the collapse of several divisions of Bevill, Bresler & Schulman, a New Jersey firm that traded heavily in Government securities. Customers suffered losses of at least $198 million, and the Securities and Exchange Commission charged the company with fraud...
...government-securities market, a freewheeling, $200 billion-a-day bazaar in which federal notes and bonds are traded, was rocked last week by the failure of its second dealer in a month. Bevill, Bresler & Schulman Asset Management, a small New Jersey-based firm, filed for bankruptcy under Chapter 11 after admitting that it could not meet some $140 million in debts to its customers, including about 45 savings and loan associations. The Securities and Exchange Commission sued Bevill, Bresler for fraud, charging that the firm secretly drained its customers' investments to make up for heavy trading losses. The failure comes...
...goals apiece by John Schulman and Captain Jeff McGuire are testimony to the outstanding offensive play that made Quincy's good natured revenge possible...