Lance Probe Triggers Wider Banking Scrutiny in Congress
Federal probe into Bert Lance finances prompts Congress and regulators to review banking practices and potential changes. Hearings loom on prohibiting loans to officers of banks with correspondent relationships, while investigations extend to bank disclosures and enforcement.
MENTIONED IN THIS ARTICLE
Washington
Bert Lance
Congress
John Heimann
Currency
Lance
Carter
Heimann
National Bank of Georgia
Atlanta
New York
Chicago
Henry Reuss
D-Wis
House Banking Committee
Fernand J. St Germain
D-R.j
House
Senate Banking Committee
Sen
Indonesian financier bids for Bert Lance stock sale
Mochtar Riady of Jakarta has offered to buy Bert Lance stock and assume a $3.425 million debt to First National Bank of Chicago. The deal faces securities delays and could close in mid next week with two competing bids, one at about $17.25 per share. Lance has pledged to sell by December 31.
MENTIONED IN THIS ARTICLE
Mochtar Riady
Lance
Thomas M. Mitchell
U.S
Riady
First National Bank of Chicago
Ing
Mitchell
The
Atlanta Journal
Atlanta
National Bank of Georgia
Bert Lance
Atlanta Journal-Constitution
Jakarta
NBG
Robert B. Anderson
Greenwich
Chicago
Journal-Constitution
Smith
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