Word: thrifts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...heavily regulated thrift industry, it helps for executives to know their way around Washington. On that score, Honolulu Federal Savings & Loan should be a winner. Its new owner is H.F. Holdings, an investment firm founded by William Simon, 58, who was Treasury Secretary under Presidents Nixon and Ford. Simon has named another old Washington hand, Preston Martin, as chairman of H.F. Holdings. Martin, 62, served as vice chairman of the Federal Reserve Board from March 1982 until March of this year...
...Simon, Honolulu Federal is the first thrift institution on a lengthy shopping list. He plans to acquire several West Coast S and Ls and put together a financial chain that will "span the Pacific." Martin will scout out potential acquisitions and negotiate the buyouts. He will probably be busy. H.F. Holdings already has bids pending on two ailing California thrifts: Bell Savings & Loan of San Mateo and Southern California Savings & Loan of Beverly Hills...
...idiosyncratic eye for fabrication and shaping that make his clothes look as funny and funky and comfortable as something a bebop horn player might have worn in the '50s to a gig at Birdland. "I don't love any particular American designer," Onozuka says, "but I love American thrift shops, where you see something all crushed and hung up on a hanger as if someone had just taken...
...accounting firms. Democratic Representative Doug Barnard Jr. of Georgia, chairman of a subcommittee of the House Government Operations Committee, has gone a step further. He lambasted a variety of federal regulators by letter for their performance in overseeing accountants responsible for auditing the books of U.S. banks and thrift institutions. Admits Philip Chenok, president of the American Institute of Certified Public Accountants, the profession's self- regulating watchdog: "These are very difficult times...
...moving their IRA accounts to Wall Street in search of better yields. IRAs invested in stocks typically earned a 26% return last year. "We're clobbering the banks. It looks like the tables have turned," boasts Gary Strum, first vice president in charge of pension services for E.F. Hutton. Thrift institutions in particular have suffered a drain. Their share of IRAs has fallen from 54% in 1982 to 28% today...