Word: banco
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...their places on gilded Louis XV chairs at an oblong marble table in an 18th century Baroque palace. Each man in turn signed a document. Then the trio toasted the occasion in Moët & Chandon champagne-as well they might. Credit Lyonnais of France, Commerzbank of Germany and Banco di Roma of Italy had just joined in a unique accord that one executive described as having "all the advantages of a merger without its inconveniences." The signing brought into being a financial powerhouse with $18 billion in deposits, 3,000 branches and 60,000 employees, making it the largest...
...wing that will steer customers of the four shareholding banks to Orion. Another new banking combine is London Multinational, which is backed by Baring Brothers, New York's Chemical Bank, Credit Suisse, and Chicago's Northern Trust. Still another grouping, called Atlantic International, brings together, among others, Banco di Napoli, National Shawmut of Boston, First Pennsylvania, United California and France's De Neuflize, Schlumberger, Mallet...
Bank charge-card schemes are also going international, enabling holders to use their cards when traveling abroad. Interbank, with Banco Nacional de Mexico S.A. already in the fold, hopes soon to sign up banks in Japan and Western Europe as well. Not to be outdone, BankAmericard has gone into a joint credit-card venture with Barclays Bank Ltd. in Britain, Sumitomo Bank in Japan and four banks in Canada. BankAmericard is already interchangeable with Barclaycard and Sumitomo card, and next month the Canadian banks will join the system with their own Chargex card. So that merchants in the four countries...
...streets. This is the "City of God," eleven miles from Sao Paulo in Brazil. With a school, a hospital and all other things for the material needs of its 1,200-odd inhabitants, it is the headquarters community built by Brazil's liveliest and fastest-growing bank: Banco Brasileiro de Descontos, or Bradesco as it is commonly known...
...Development Planning Minister Laureano López Rodó, Minister of Commerce Faustino Garcia-Monco, Minister of Industry Gregorio López Bravo, Central Bank Governor Mariano Navarro Rubio and Ambassador to the Common Market Alberto Ullástres are all members. Spain's sixth largest private bank (Banco Popular Espaňol) is owned almost solely by Opus Dei members, and they reportedly control 13 other banks and insurance companies, 16 real estate and construction firms and an industrial empire that includes five chemical plants...