[Nineteen financial institutions previously unidentified in any study are found to lend to South Africa; according to a new study released today by Corporate Data Exchange (CDE).]
by Corporate Data Exchange
New York, New York, United States
August 28, 1978
Press release announces the "CDE Handbook: U.S. Bank Loans to South Africa"' which identifies 19 financial institutions that have been found to lend to South Africa, including eight that are involved in direct lending to the white minority government or its parastatals. The press releases discusses Citibank, Bankamerica, Kidder Peabody, First Boston, Blyth Eastman Dillon (owned by INA Corp), Merrill Lynch, United States Export-Import Bank, Pittsburgh National Bank, and PEFCO. It includes quotations from Tim Smith, director of the Interfaith Center on Corporate Responsibility, and Prexy Nesbitt, director of the Committee to Oppose Bank Loans to South Africa (COBLSA), and lists the contact as Project Director Tina Simcich. The press release includes Fact Sheet on CDE Handbook with a comparison of CDE’s top ten lenders with the study of Senator Dick Clark.
Used by permission of Michael Locker of Corporate Data Exchange.
Collection: Private collection of David Wiley and Christine Root