Changing America Now Predicts Future of Banking
John Naisbitt and Susan Dooley forecast a reshaped banking system driven by the Depository Institutions Deregulation and Monetary Control Act of 1980. By 1986 interest ceilings vanish, small banks shrink, and large national banks dominate as electronic funds transfer, check truncation, and home banking transform how Americans pay bills and manage deposits.
MENTIONED IN THIS ARTICLE
Bank of
Citicorp
New York
Federal Reserve Board
New York Bank
Maryland
Willie
Sutton
Tennessee
United American Bank of
Knoxville
NOW accounts shift in banks and S&Ls reshape lending
Banks and S&Ls face a new NOW account era with minimum balances and fees. Industry observers note competition could pressure small S&Ls while larger banks push low deposits to attract customers. Deregulation sparks shifts in consumer loans, plastic cards, and trust services shaping the 1980s finance landscape.
MENTIONED IN THIS ARTICLE
Lorain County Savings and Trust
AmeriTrust
Security Federal
First Federal of
Lakewood
Continental Federal
Ohio Savings
Murphy
EST
S&ls
Jack Baird
Lorain County Savings and Trust Co
Baird
Greg Smith
Citizens Home Savings
Smith
Louis Vincenti Sr
S&l
Los Angeles
Wall Street Journal
Merrill Lynch, Pierce, Fenner & Smith Inc
Shearson Loeb Rhoades Inc
Congress
El Salvador rightists gain power shakeup in junta
In San Salvador Jose Napoleón Duarte was named civilian president while Jaime A Gutierrez became vice president with military control. The rightist shift ousted two liberals and an independent, amid a creeping coup crisis tied to death squads and ongoing political violence.
MENTIONED IN THIS ARTICLE
San Salvador
el Salvador
UPI
Jose Napoleon Duarte
Duarte
Notre Dame University
Jaime A. Gutierrez
Adolfo Majano
Jose Antonio Morales Erblich
Ramon Avalos Navarrete
Majano
Defense
Jose G. Garcia
Nicolas Carranza
Morales Erhlich
Christian Democratic Party
Garcia
Carranza
Christian Democrats
Catholic Church
Carter
Red Brigades abduct top Italian magistrate in Rome
Italian police say the Red Brigades kidnapped magistrate Giovanni D Urso, head of a secret Justice Ministry unit handling terrorist transfers. The group demanded the closure of the Asinara prison in exchange for his release, marking a rare politically motivated abduction since Aldo Moro's 1978 murder. Police traced a call to Ti Messaggero and warned of heightened guard.
MENTIONED IN THIS ARTICLE
Rome
Italy
UPI
Red Brigades
Aldo Moro
Giovanni D'Urso
Moro
D'Urso
Justice Ministry
Ti Messaggero
Asinara
Island
Sardinia
Newpapers
D Urso
One FM Aeatre
Rates to fall in 1981 as easing expected
EST economist Collier warns of potential economic standstill if prime rates stay near 20 percent predicting a deeper recession due to higher unemployment and weak housing recovery. He sees possible relief in early 1981 if federal spending tightens and Reagan keeps promises while Baird expects rates to drop to 12 or 13 percent by March as seasonal demand slack continues.
MENTIONED IN THIS ARTICLE
EST
Collier
Washington
Reagan
Baird
Exiled Obote restored to power in Uganda
In Kampala crowds celebrated as Milton Obote was restored to leadership after a disputed election. Gunfire echoed through the capital while observers warned Baganda opponents. Official results show UPC with 66 of 126 seats, Democratic Party 44, Uganda Patriotic Movement 1, 15 undecided. Obote to be sworn in Monday.
MENTIONED IN THIS ARTICLE
Obote
Uganda
Kampala
Milton Obote
Baganda
Ugandan Radio
Civilian
Electoral Commission
Uganda People's Congress
Democratic Party
Paul Ssermogerere
Uganda Patriotic Movement
UPC
Also Mentioned on This Page
John Naisbitt and
Susan Dooley
America
American Express
Sears Roebuck & Company
Allstate Savings and Loan Association
California
Merrill, Lynch, Pierce, Fenner & Smith
United States
Savings and Loans
Banks
S&L’s
Abrams
The
Bunsey
New England
Elyria
Federal Savings and Loan
William Kilfoyle
Kilfoyle
Britannica
Federal Home Loan Bank System
Federal Reserve System
U. S. Treasury
Fed
Federal Reserve
Federal Savings and Loan Insurance Corp
Gutierrez
D'Urse
Achille Gallocci
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