Still Banking on Apartheid: U.S. Banks Cling to South Africa

ICCR Brief

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Edition

Vol. 19, No. 5

Creator

John Lind; Interfaith Center on Corporate Responsibility

Contributor

Keith Girvan

Place Created

New York, New York, United States

Date

1990

Type of Item

Pamphlet

Length/duration

4 pages

Description

Part I describes the current status of U.S. bank relations with South Africa, including the banks' recent arrangement under which South Africa will repay $1.5 billion in debt over three-and-a-half years, rather than in one year as urged by religious institutions. The Brief makes specific recommendations that will use the leverage of financial institutions during the next negotiations in 1993-94. Part II contains excerpts from statements by banks explaining their current relationships with South Africa. The banks quoted are Bank America, American Express, Bank of New York, Continental Bank, Republic New York, Security Pacific Corporation, J. P. Morgan, Bankers Trust, Chemical Bank, Citibank,...

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Publisher

Interfaith Center on Corporate Responsibility

Organization

Interfaith Center on Corporate Responsibility

Coverage Africa

South Africa

Language

English

Digital Format

text/pdf

Rights Management

Used by permission of the Interfaith Center on Corporate Responsibility.

Collection

Private collection of David Wiley and Christine Root