BANKING: Wine, Women & Wrong

"I like to think of banking," said Bank President Tony Burton in John P. Marquand's Point of No Return, "as . . . the most basically human business that there is in the world." Last week, Tony Burton got some backhanded support for his assertion from the FBI's Inspector Lee R. Pennington, who investigates bank frauds. Addressing a conference of the National Association of Mutual Savings Banks in Washington, Pennington said that most of last year's frauds (total lost: $3,000,000) were traceable to some fairly common human failings: gambling, drink, women. High...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!