Word: banker
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Dates: during 1970-1979
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...surge has been fueled by the accelerated foreign buying. One New York banker remarks: "Overseas buying early last week was a wave not to be believed." The main interest is coming from West Germany, where institutions and private investors have been seeking a double killing on low Wall Street prices and the cheap U.S. dollar. Merrill Lynch reports doing good business for private Arab investors from Abu Dhabi and Dubai. Britain's Prudential Assurance Co. has been a buyer in the U.S. market...
Like two other names now carved in marble, Carnegie and Frick, the Mellons began their rise amid the soot and grime of Pittsburgh. Born on a farm in Ireland, Paul's grandfather, Thomas, broke away from both the homeland and the land itself to become a lawyer, judge, banker and father of eight children. In the post-Civil War era the Mellons gained control of most of what was worth owning in Pittsburgh, which was a fair part of what was worth owning in industrial America...
Walter Wriston, probably the nation's most influential banker, thinks he has some answers. As chairman of New York's Citicorp, he is a gilt-edged Establishmentarian who gets an insider's rare look at loan-seeking corporations and bends elbows with their chiefs at the Metropolitan Club and the Greenbrier and the Business Roundtable. Yes, says Wriston, business should be strong both in 1978 and 1979, which is as far as anybody can foresee. But he is bedeviled by many questions about modern America, including who killed Jack Armstrong and whether Abe Lincoln could be elected...
Jordan's move seemed to be based on two White House fears: 1) that Lance might be indicted for his activities as a Georgia country banker before he joined the Carter Administration; 2) that the revelations of his recent dealings with Arab investors could mean that they were trying to buy influence...
Sniffs one Washington banker: "Nobody would lend me $35 under those conditions." The deal intensified suspicions that the takeover attempt on Financial General by Lance's associates was more than a normal investment by shrewd foreigners, and that they were willing to pay heavily for Lance's influence. "They wanted an important stake across the street from the White House," says one Washington banking executive, adding: "Some people might think it is important to know about the outstanding loans and balances of Government officials...