[The organization leading the campaign for withdrawal of funds from banks making loans to South Africa today issues a response to recent announcements by seven major banks …]

Statement of the Committee to Oppose Bank Loans to South Africa in Response to Recent Statements by Citibank, Chemical Bank, Continental Illinois Bank, First National Bank of Chicago and Northwestern National Bank of Minneapolis Concerning Loans to South Africa

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Creator

Committee to Oppose Bank Loans to South Africa

Contributor

Prexy Nesbitt

Place Created

New York, New York, United States

Date

March 28, 1978

Type of Item

Press Release

Length/duration

4 pages

Description

Seven major banks - Citibank, Chemical Bank, Continental Illinois Bank, First National Bank of Chicago, Northwestern National Bank of Minneapolis, and First Wisconsin Bank - issued similar statements not to lend to the South African government. The Committee to Oppose Bank Loans to South Africa (COBLSA), with affiliates in 9 cities and 55 participating national and local organizations, termed the banks' announcements "a significant concession," but said that the statements "fall far short of the objective of the campaign to seeks to end all loans to South Africa." The statement says the banks have no intention of discontinuing lending to U.S., European, or South African corporations which are...

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Organization

American Committee on Africa
Campaign to Oppose Bank Loans to South Africa
Clergy and Laity Concerned

Coverage Africa

South Africa

Language

English

Digital Format

text/pdf

Rights Management

Used by permission of former staff and members of Campaign to Oppose Bank Loans to South Africa.

Collection

Alan Zaslavsky Africa Collection, Michigan State University Libraries Special Collections