國營事業◆英文題庫下載題庫

     One major rest for Giannini，s bank occurred in 1906，when a massive earthquake struck San Francisco, followed by a raging fire that destroyed much of the city. Giannini obtained two wagons and teams of horses, filled the wagons with the bank’s reserves, mostly in the form of gold, and escaped from the chaos of the city with his clients’ funds protected. After the disaster, Giannini opened up a temporary shop on the Washington Street Wharf and was the first to resume operations. 

      In the period following the 1906 fire, Bank of Italy continued to prosper and expand. By 1918 there were twenty-four branches of the bank, and ten years later Giannini had acquired numerous other banks, including Bank of America located in New York City In 1930 he consolidated all the branches of Bank of Italy, Bank of America in New York City, and another Bank of America that he had formed in California into the Bank of America National Trust and Savings Association. 

      A second major crisis for the bank occurred during the Great Depression of the 1930s. Although Giannini had already retired prior to the darkest days of the Depression, he became incensed when his successor began selling off banks during the bad economic times. Giannini resumed leadership of the bank at the age of sixty-two. Under his leadership, the bank weathered the storm of the Depression and subsequently moved into a phase of overseas development.