Business: Giannini Third

A billion dollar deal was compromised for one of $550,000,000 last week. The deal was in bank assets. The parties to the deal were Manhattan Social Register bankers embodying the traditions of the oldest U. S. banks and the son of an Italian immigrant who checked fruit of nights in San Francisco markets at 12, was a produce broker at 19, a big real estate operator in his mid-twenties, retired from business at 31, got into banking as the result of a row in a bank directors' meeting, and last week entered Wall Street with the reputation of being the outstanding...

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