Word: thrifts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...shapelessness, formlessness and colorlessness." At first glance, her men's and women's clothes for Comme des Garçons (the name means "like the boys" and was chosen by Kawakubo for both its lilt and its casual defiance of traditional gender stereotypes) resemble items from a thrift shop at the far corner of Macbeth's blasted heath. Nonetheless, they have an ease that confounds traditional expectations of elegance...
...thanks to lower interest rates and a flood of new deposits, the thrift industry is beginning to revive. San Diego's Home Federal, for example, lost $33.9 million in 1982, but it had a $4.4 million profit in the first quarter, and the outlook for the rest of the year is good...
...financial supermarkets, meanwhile, have been eyeing thrifts as possible additions to their growing line of services. Merrill Lynch and Shearson/ American Express are each in the process of buying a thrift. Stockholders of Newport Balboa Savings Association (assets: $65.2 million) in Southern California are selling the S and L to ITT Financial Corp. for $13.5 million, or $65 a share. The deal, which is subject to regulatory approval, would be a bonanza for Newport Balboa owners, who paid $12.50 a share when the stock was first issued...
With their financial foundation a little more secure, some adventurous S and Ls are starting to branch out beyond mortgages and look for new places to put their money. Western Savings & Loan of Phoenix (assets: $2.6 billion), Arizona's largest thrift, has assembled a nationwide group of S and Ls that plans to pool its cash and pump more than $1.5 billion into commercial loans to corporate borrowers. Such lending is permitted under the 1982 Depository Institutions Act, which lets thrifts make a wide range of loans that had previously been off-limits...
...most aggressive thrift institutions is Goldome, known as the Buffalo Savings Bank until last February. In a three-month period ending in March 1982, its assets surged from $3 billion to $9 billion, making it the second biggest savings bank in the U.S. Architect of the expansion is Ross Kenzie, a former Merrill Lynch executive vice president who became president of the Buffalo Savings Bank in 1979. Says Kenzie: "At this bank, there is a bias toward action." Goldome's acquisitions include three failing thrifts that the Federal Deposit Insurance Corp., the Government's watchdog for the banking...