Shares of Derby-based DS Bancor rose 2 1 / 4 today, and 3 7 / 8 this week, to 32 3 / 4 on above-average trading.
32.
-- DS Bancor Inc . ( DSBC US ) was downgraded to " hold " from " buy " by analyst Gerard Cassidy at Hancock Institutional Equity Services.
33.
The Charter, proposed by John Maynard Keynes, was to establish the ITO and a financial institution called the International Clearing Union ( ICU ), and an international currency; the bancor.
34.
On top of that, each country would have an overdraft facility in its " bancor " account with the ICU . Keynes proposed having a maximum overdraft of half the average trade size over five years.
35.
Webster Bank, Waterbury, Conn ., announced plans to close 10 branch offices as part of its $ 137 million deal to merge with DS Bancor Inc ., the holding company for Derby Savings Bank.
36.
DS Bancor, with $ 1.2 billion of assets, could fetch $ 38 to $ 40 a share in an acquisition, said Cassidy, who added that he hasn't heard of any bidders.
37.
Zhou argued that part of the reason for the original Bretton Woods system breaking down was the refusal to adopt Keynes'bancor which would have been a special international reserve currency to be used instead of the dollar.
38.
DS Bancor shares rose as high as 2 3 / 4 to 40 3 / 4, its 12-month in early trading of 183, 000 shares, 13 times its daily average in the last three months.
39.
Webster Financial Corp ., Waterbury, Conn ., has received approval from the Office of Thrift Supervision, to buy DS Bancor Inc ., based in Derby, Conn ., in a transaction valued about $ 132 million.
40.
Keynes'proposals would have established a world reserve currency ( which he thought might be called " bancor " ) administered by a central bank vested with the possibility of creating money and with the authority to take actions on a much larger scale.
