Word: citibanker
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...issue of Harvard's sale of $50 million worth of Citibank notes and securities approximately one year ago--in compliance with the Corporation's policy pledging divestiture of holdings in any banks extending loans to the South African government--"has not died down yet," Waldman said...
Despite their shortcomings, the Saudi officials at SAMA are no soft touch. Says Michael Callen, who is managing director of the Saudi American Bank, a Riyadh-based affiliate of New York's Citibank: "A lot of borrowers think they've got a bank here run by people who ride camels. But the Saudis are tough and sophisticated. The foreign advisers may do the studies, but the Saudis make the decisions." One sign of tight Saudi control at SAMA: no telex can be wired from headquarters without a Saudi signature...
...Kuwait has built an impressive investment portfolio, with some $7 billion in the securities of a rich slice of U.S. industry that includes everything from computer companies to energy firms to banks. The Kuwaiti U.S. portfolio is managed chiefly by New York's Citibank, though reportedly Kuwaiti officials have threatened to move some of it elsewhere because of dissatisfaction with the bank's management of their investments...
...person board of directors, Henry Kissinger, 58, who was running for his second three-year term, had to seem like a shoo-in. There were, after all, only nine candidates in the race: Kissinger, former Treasury Secretary W. Michael Blumenthal, 55, Xerox Chairman C. Peter McColough, 58, Citibank Chairman Walter Wriston, 61, Economist Marina von Neumann Whitman, 46, Chicago Sun-Times Publisher James Hoge, 45, former State Department Official William Rogers, 54, Washington Post Columnist Philip Geyelin, 58, and former Secretary of State Cyrus Vance, 64. But when the vote was announced last week-gasp -Kissinger was dead last. Said...
...York State were troubled in 1976, when New York City banks were allowed to establish branches upstate. But most of the small banks easily stood up to the guys from the big city because they knew their community and clients far better than someone from outside. In Sioux Falls, Citibank will offer other banking services besides its credit cards, but the local First National Bank is not worried, even though it has assets of only $172 million, compared with Citibank's $116.5 billion. First National Chairman William S. Baker III says confidently, "The ace up our sleeve is customer...