GAO Finds Widespread Bank Abuses Ignored by Regulators
GAO investigators report widespread illegal or improper activities in U S banks over five years with 31 failures. Regulators allegedly ignored violations, allowing loans beyond limits, directed at officers or related entities, contributing to major bank collapses such as San Diego based U S National Bank and Franklin National in New York. The draft cites that many problem banks remained on regulator lists for years.
MENTIONED IN THIS ARTICLE
Washington
United States
General Accounting Office
Federal Deposit Insurance Corp
GAO
Alliance
Office of the Comptroller of the Currency
Federal Reserve Board
FDIC
Federal
U.S. National Bank
San Diego
Franklin National
New York
Bus Firms Rally For Change In Amtrak Subsidies Policy
Greyhound and Continental Trailways press for a single intercity passenger-transport regulator and reduced Amtrak subsidies. They claim Amtrak carries about 17 million yearly riders with a $406 million subsidy. buses say they have no subsidies. Amtrak defends routes and price efficiency while noting rail's growth limits outside corridors.
MENTIONED IN THIS ARTICLE
New York
Brock Adams
Greyhound
Continental Trailways
Amtrak
Wash
Trailways
Adams
Dept. of Transportation
Jimmy Carter
Washington State
Congress
Interstate Commerce Commission
Civil Aeronautics Board
Seattle
Portsmouth
N.H
Boston
Logan Airport
Fred Currey
Washington
Boston-Washington
Currey
James Kerrigan
Kerrigan
Northeast
Omaha
Minneapolis
Fletcher Prouty
Public Affairs Office
Omaha-to
Chicago
Multiple North Carolina firms show deals and hires across sectors
Business notes record Richard Lefteris joining Mabe and Co. Realtors in Greensboro and Ruddick Investment Co. planning Cameron Brown Capital acquisition pending SBA approval. Key Co. in Greensboro posts 1976 year results with a net loss, Pilot Life appoints Berry in Greensboro, and Samuel Ache earns Pic-Way Shoe Mart manager honor. Winston-Salem and Raleigh items cover Brenner Industries, Super Dollar Stores, and Steve Tuttle promotion. Columbus Indiana names Orben as Cummins VP and controller.
MENTIONED IN THIS ARTICLE
Ruddick Investment Co
Cameron Brown Capital Corp
Raleigh
Small Business Administration
Lenoir-Royce N Angel Elected to NCNB Board
Lenoir appoints Lenoir-Royce N Angel to the North Carolina National Bank board. Angel, Guilford College graduate, is district supervisor for Southern Bell in the area and former state chairman of the North Carolina Junior Chamber of Commerce. He earned the 1966 Jaycee Distinguished Service Award and has directed the Miss North Carolina Pageant. He is married to Sylvia Fee of High Point. they have four sons Neil Mark Todd and Chris.
MENTIONED IN THIS ARTICLE
Lenoir
Royce N. Angel
North Carolina National Bank
Angel
Guilford College
Southern Bell Telephone Co
North Carolina Junior Chamber of Commerce
Charlotte - Mecklenburg Jaycee
North Carolina
Sylvia Fee
High Point
Neil
Mark
Todd
Chris
Also Mentioned on This Page
Gov't
Oata
National Association of Securities Dealers
Aerotron
American Furniture
Ea Bankers Trust
S.C
Bassett Furniture
Mon Eng
Brenner Inds
Burnup & Sims Burris Indsa
Cannon Mills
Carmine Foods
Carolina Casins Car
Carp. Steel Corp
Carp, Wise
Fio
Central Vermont
Chatham Mtg Ware
CAS Corp
Coca-Cola Co
Cochrane Furn
Caro
Conner Homes Context We
Danie! Internat
Diamondhead Corp
Durham Life Ins
Aph Inc Pa
Ncnb
Northwest
Occidential Life Ins Pca Int Inc We
Phillips nk&Trust
Mt . Va
Piedmont
Mt. Va
NC Te
Quality Mills
Republic Auto Parts Wa
Mig
MO Rex Plastics
Salem
Shoneys Inc
Sia
Sonoco Products
Ee “A Textiles Inc
Trion Inc Triangle Brick
Uniti Inc
UN Carolan Universal
Nati
Bank da BB Welker Sroes
White Shield Co. A
Wright Machinery Sia
Kenneth J. Howard
M. Allen Pickett, Jr
North Main Street
N. c
Alan M. Tigay
North American Newspaper Alliance
Prouty
Richard Lefteris
Mabe & Co
Lefteris
Central High School
Lee Institute of Real Estate
U.S. Army
Northpoint Ave
J. Randolph Gregory
Cameron Brown
Key Co
Greensboro
Mobile Home Division
Clearwater
Fla., Mobile Home
Tampa Mobile Home
Philip A. Berry
Pilot Life Insurance Co
Berry
Jamestown Methodist Church
Samuel J. Ache
Pic-Way Shoe Mart
East Coast
Ache
Pic- Way
Johnstown
Mahoning
Belmont
Danville
Salisbury
Uniontown, Pa
Rosalie
Terry
Sammy Jr
Danny
High Point Merchants Assn
Associated Credit Bureaus Inc
Associated Credit Bureaus of
Houston
Tex
U.S
Canada
Associated Credit Bureau
Winston-Salem Brenner Industries
Super Dollar Stores Inc
Steve Tuttle
Enterprise
Tuttle
Department
Allen Jay High School
Guilford Technical Institute
Phyllis Baker
Marlboro Street
Cummins
Columbus
Ind
Robert A. Orben
Cummins Engine Co
Orben
NCR Corporation
Daytona
Ohio
NCR
Price Waterhouse and Co
Price Waterhouse
London
Richard Lefter
Phillip A
Samuel
Steve
Eddie Knox
Fleet Lease Manager
North Main
First Union Mortgage Corporation
First Union National Bank
N. Main Street
N.C
Winston-Salem
George P. Clark, C.L.A
Passin
Eg Ad Corporation
Eero Se
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