Business: Born-Again Bert

Dealing with Armand and Agha and Jimmy

Five months after he was forced out as U.S. budget chief, his finances in disarray and his future in doubt, Bert Lance is well on the way to new riches from a number of ventures. One of them is serving as the American connection for oil-rich Middle East millionaires in search of investment opportunities in the U.S.

Last week Lance got into a new battle. He had been dealing to buy control of Financial General Bankshares Inc., the second largest bank holding company in Washington, D.C.; with assets...

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