BANKING: Away from Secrecy

The world's largest bank has long been tight-lipped about its business. Now it is pledging to become almost garrulous. Last week the San Francisco-based BankAmerica Corp. flew five senior officials to New York to unveil, with maximum publicity, a 26-page, 70-item "Voluntary Disclosure Code," under which the bank proposes to make available information that goes far beyond what banks are compelled by law to reveal. The disclosures, say bank officials, should help to dispel public suspicion of business and keep BankAmerica's executives toeing the mark. Intones a preamble to the code: "What better inhibitor to misconduct or ineptness than...

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