Banking crisis shows slow recovery despite gains
Washington AP reports ongoing U S bank weakness as regulators close insolvent institutions Fridays to minimize weekend impact. Despite some recovery in profits and bank stocks, failures drain the insurance fund and prompt calls for sweeping reform. Analysts caution that lagging real estate and delayed policy effects keep risk high for major lenders.
MENTIONED IN THIS ARTICLE
Washington
Bank of New England Corp
Federal Deposit Insurance Fund
Congress
America
Midwest
S&ls
Thomas Theobald
Continental Illinois Corp
Chicago
Quality management goes beyond a buzzword in tough times
Kansas University professor Larry Sherr says only firms committed to Total Quality Management survive recession. Since the Baldrige Award's 1988 start, interest has surged with up to 180000 applications by 1990, yet many worry TQM remains nonessential. Sherr notes skepticism persists and mainstream adoption is slow.
MENTIONED IN THIS ARTICLE
Kansas University
Larry Sherr
Sherr
Summerfield Hall
Malcolm C. Baldrige
Congress
Kansas
First National Bank of
Lawrence
John Elmore
First National
Mike Yoder
Lawrence Sherr
Fund managers seek higher fees as mutual funds post gains
After a record 1 trillion dollars in assets in 1990 funds push for bigger profits with raised management and advisory fees. Several groups, including T Rowe Price, Scudder, Seligman and Smith Barney, won increases while Fidelity faced a rejection in February. Industry observers cite court rulings and rising market highs as aiding fee approvals, with Vanguard’s John Bogle noting shareholders must vote.
MENTIONED IN THIS ARTICLE
W. Sam Chandoha
Shareholder Communications Corp
New York
Fidelity
T. Rowe Price
Scudder
Seligman
Smith Barney
Chandolia
John C. Bogle
Vanguard Group
Non sport trading cards surge as wartime sets attract investors
Wartime non sport cards including Topps Desert Storm and Adolf Hitler cards attract investors with rapid price rises. Gen Norman Schwarzkopf cards have climbed from cents to over five dollars, while other sets from Gum Inc and Pacific Trading Cards post sharp gains. Estimates place annual non sport card sales at 55 to 60 million with prices doubling in 14 months.
MENTIONED IN THIS ARTICLE
Gulf
Topps Inc
Norman Schwarzkopf
Adolf Hitler
Gum Inc
Marquis of
Old Judge Cigarettes
Ater
Saddam
Stanley Lanzer
New York City
Roverage
Arnhold and Bleichroeder
Roxanne Toser
Donruss
Topps
Also Mentioned on This Page
Dave Skidmore
Associated Press
Treasury
Nicholas F. Brady
Banks
Federal Reserve
Federal Funds
L. William Seidman
Federal Deposit Insurance Corp
U.S
Bank of New England
New England
Paul Getman
Regional Financial Associates
West Chester
FDIC
Bpe
Ere
Cee S
Economic Times
Dave Toplikar
Steve Hillmer
Dennis Karney
Carole Gould
N.Y
Times News Service
Franklin U.S. Government Securities Fund
Franklin
National Association of Securities Dealers
Money Magazine
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