Word: citibank
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Dates: during 1980-1989
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...competing fiercely with each other as well as with the money funds. Many a bank official will be working overtime during the Christmas season trying to figure out how much interest to pay on the Super-NOW. Says a concerned Walter Wriston, chairman of New York's Citibank: "The critical question is how banks will price their services. Will we go the airline route, charging $99 and giving a steak dinner to fly across the country?" Savers will soon find...
...banks to cash in on the popularity of personal computers. As prices for the machines have plunged and their use has spread, bankers have begun eyeing home computers as a huge new market and a way to cut costs and paperwork in the back office. New York's Citibank has an experimental program in 100 homes in Queens, while the First Bank System in Minneapolis has computers with 250 customers...
...bank camera during a New York City robbery led to his arrest and conviction. Said Eder: "I've been looking at his pictures all year. Let me tell you how good this Neil Leifer is. The only camera in America better than Neil Leifer's is at Citibank." Leifer photographed Eder by mounting his Nikon with a 16-mm fisheye lens on the ceiling right over the middle of the cell, then using a remote-controlled infra-red signal to snap the shutter in order to keep himself out of the picture...
American banks hold almost a third of Mexico's foreign debt. Should Mexico go into default, several institutions would be hard hit, including Citibank and Bank of America, which each loaned the Mexicans as much as $2.5 billion...
...Chase Manhattan, had extended so many loans to Mexico that a default would leave them insolvent. Both banks denied the reports, but rates for three-month maturity U.S. Treasury bills plunged to a 26-month low of 6.99%. Three of the world's largest banks-Bank of America, Citibank and Lloyds Bank...