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The Moneychangers
''The Moneychangers'' is a 1975 novel written by Arthur Hailey. The plot revolves around the politics inside a major bank. Plot summary As the novel begins, the position of CEO of one of America's largest banks, ''First Mercantile American'', is about to become vacant due to the terminal illness of Ben Roselli, the incumbent chief, whose grandfather founded the bank. Two high-ranking executives groomed for the succession begin their personal combat for the position. One, Alex Vandervoort, is honest, hard-charging, and focused on growing FMA through retail banking and embracing emerging technology; the other, Roscoe Heyward, is suave, hypocritical, and skilled in boardroom politics, and favors catering more to business than to consumers. Heyward lives in a "rambling, three-story house in the suburb of Shaker Heights," Cleveland, Ohio. Many characters and plot lines interweave. Senior bank teller Miles Eastin is discovered to be defrauding the bank whilst casting guilt on ano ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Upton Sinclair
Upton Beall Sinclair Jr. (September 20, 1878 – November 25, 1968) was an American author, muckraker journalist, and political activist, and the 1934 California gubernatorial election, 1934 Democratic Party (United States), Democratic Party nominee for governor of California. He wrote nearly 100 books and other works in several genres. Sinclair's work was well known and popular in the first half of the 20th century, and he won the Pulitzer Prize for Fiction in 1943. In 1906, Sinclair acquired particular fame for his muckraking fictional novel, ''The Jungle'', which exposed the fictional labor and sanitary conditions in the U.S. meatpacking industry, causing a public uproar that contributed in part to the passage a few months later of the 1906 Pure Food and Drug Act and the Meat Inspection Act. In 1919, he published ''The Brass Check'', a muckraking Exposé (journalism), exposé of American journalism that publicized the issue of yellow journalism and the limitations of the " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). There is no official definition of a recession, according to the International Monetary Fund, IMF. In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom and Canada, a recession is defined as negative economic growth for two consecutive qu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kirk Douglas
Kirk Douglas (born Issur Danielovitch; December 9, 1916 – February 5, 2020) was an American actor and filmmaker. After an impoverished childhood, he made his film debut in '' The Strange Love of Martha Ivers'' (1946) with Barbara Stanwyck. Douglas soon developed into a leading box-office star throughout the 1950s, known for serious dramas, including westerns and war films. During his career, he appeared in more than 90 films and was known for his explosive acting style. He was named by the American Film Institute the 17th-greatest male star of Classic Hollywood cinema. Douglas played an unscrupulous boxing hero in '' Champion'' (1949), which brought him his first nomination for the Academy Award for Best Actor. His other early films include ''Out of the Past'' (1947); '' Young Man with a Horn'' (1950), playing opposite Lauren Bacall and Doris Day; '' Ace in the Hole'' (1951); and '' Detective Story'' (1951), for which he received a Golden Globe nomination. He received his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boris Sagal
Boris Sagal (October 18, 1923 – May 22, 1981) was an American television Television (TV) is a telecommunication medium for transmitting moving images and sound. Additionally, the term can refer to a physical television set rather than the medium of transmission. Television is a mass medium for advertising, ... and film director. Early life and career Born in Yekaterinoslav, Ukrainian Soviet Socialist Republic, Ukrainian SSR (modern Dnipro, Ukraine) to a Russian family of Jewish descent, Sagal immigrated to the United States. Sagal's TV credits include directing episodes of ''The Twilight Zone (1959 TV series), The Twilight Zone'', ''T.H.E. Cat'', ''Alfred Hitchcock Presents'', ''Night Gallery'', ''List of Columbo episodes#Season 3, Columbo: Candidate for Crime'', ''Peter Gunn'', and ''The Man from U.N.C.L.E.''. He also directed the 1972 television adaptation of Percy MacKaye's play ''The Scarecrow (play), The Scarecrow'', for PBS. He was nominated for four Primet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ross Hunter
Ross Hunter (born Martin Terry Fuss; May 6, 1920 – March 10, 1996) was an American film and television producer and actor. He is best known for producing light comedies such as '' Pillow Talk'' (1959), and the glamorous melodramas '' Magnificent Obsession'' (1954), '' Imitation of Life'' (1959), and '' Back Street'' (1961). Over the course of his career, Hunter produced films of various genres but found his greatest success with light-hearted comedies, musicals and melodramatic "tear jerkers" that were high on romance and glamour. Biography Early life Hunter was born in Cleveland, Ohio. Sources suggest various birth years for him — 1916, 1926, or even 1929, according to Hunter himself - but his Social Security record lists May 6, 1920, a date confirmed by his 1942 army enlistment record and also by the 1940 census. He was of Austrian Jewish and German Jewish descent. He attended Glenville High School, where he later taught English and drama; he also taught these subjec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cincinnati, Ohio
Cincinnati ( ; colloquially nicknamed Cincy) is a city in Hamilton County, Ohio, United States, and its county seat. Settled in 1788, the city is located on the northern side of the confluence of the Licking River (Kentucky), Licking and Ohio River, Ohio rivers, the latter of which marks the state line with Kentucky. It is the List of cities in Ohio, third-most populous city in Ohio and List of united states cities by population, 66th-most populous in the U.S., with a population of 309,317 at the 2020 census. The city is the economic and cultural hub of the Cincinnati metropolitan area, Ohio's most populous metro area and the Metropolitan statistical area, nation's 30th-largest, with over 2.3 million residents. Throughout much of the 19th century, Cincinnati was among the Largest cities in the United States by population by decade, top 10 U.S. cities by population. The city developed as a port, river town for cargo shipping by steamboats, located at the crossroads of the Nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America
The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America (1904–1998), Bank of America in 1998. It is the List of largest banks in the United States, second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. and one of eight systemically important financial institutions in the US. It serves about 10 percent of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune Magazine
''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists including ranking companies by revenue such as in the ''Fortune'' 500 that it has published annually since 1955, and in the ''Fortune'' Global 500. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929, who declared it as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chemical Bank
Chemical Bank, headquartered in New York City, was the principal operating subsidiary of Chemical Banking Corporation, a bank holding company. In 1996, it acquired Chase Bank, adopted the Chase name, and became the largest bank in the United States. Prior to the 1996 merger, Chemical was the third-largest bank in the U.S., with $182.9 billion in assets and more than 39,000 employees. In addition to operations in the U.S., it had a major presence in Japan, Germany, and the United Kingdom. It was active in both corporate banking as well as retail banking as well as investment banking and underwriting corporate bonds and equity (finance), equity. The bank was founded in 1824 as a subsidiary of the New York Chemical Manufacturing Company by Balthazar P. Melick and others; the manufacturing operations were sold by 1851. Major acquisitions by the bank included Corn Exchange Bank in 1954, Texas Commerce Bank in 1987, and Manufacturers Hanover in 1991. The bank converted to the holding co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machine
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of other names, including automatic teller machines (ATMs) in the United States (sometimes RAS syndrome, redundantly as "ATM machine"). In Canada, the term automated banking machine (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM. In British English, the terms cashpoint, cash machine and hole in the wall are also used. ATMs that are Independent ATM deployer, not operated by a financial institution are known as "White-label ABMs, white-label" ATMs. Using an ATM, customers can access their bank deposit or credit accounts in order to make ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many Client (business), clients withdraw their money from a bank, because they believe Bank failure, the bank may fail in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvency, insolvent. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank may acquire more cash from other banks or from the central bank, or limit the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
