Business & Finance: Bankitaly, Bancitaly

Upon the reorganization of the century-old Bank of America last week as the Bank of America National Association, under the wise & facile advice of Amadeo Peter Giannini, the command went forth that stockholders of Giannini's California Bank of Italy and of his National Bancitaly Corp. might purchase BA.NA. stocks, but might not trade or assign their rights to those new securities.

Amadeo Peter Giannini, a Sicilian peasant by ancestry, acts the Roman patrician by nature. He believes himself the guardian as well as the leader of...

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