BANKING: Counterattack

In its antitrust suit against Tranasmerica Corp., world's biggest bank holding company, the Federal Reserve Board found the going rough. After 107 days of hearings it was still taking testimony trying to prove its case. Last week Transamerica President Sam H. Husbands, onetime RFC director, and Lawrence Mario Gianmni, the frail, shrewd president of the Bank of America, got together on a deal that did not make FRB's job any easier.

FRB's key charge was that Transamerica has a banking monopoly in California and four other western states because it has a controlling...

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