Word: citibanker
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...interest at all; and perhaps into a few safe stocks. But today millions of people are taking money out of those traditional savings havens and putting it into accounts that often earn a return of as much as 17%. Says Walter Wriston, chairman of New York's Citibank: "Americans are not stupid. They have been seeking a better return on their money and getting...
...like New York's Bankers Trust, have virtually gone out of consumer banking and now lend money almost exclusively to businesses. California's Bank of America and others have instituted heavy minimum deposits and stiff fees on small accounts. Still others, like New York's Citibank, are aggressively trying to win new customers through improved services and bank-at-home computer terminals...
Some banks, on the other hand, have decided to go after consumer business and de-emphasize the corporate side of finance. The most innovative of these is Citibank, which has sunk $225 million into new consumer technology. It has installed 468 automated-teller machines that now dot the streets of New York City like so many telephone booths. The new tellers can take deposits, issue cash and transfer funds from a savings account to checking. The machines already handle about 30% of the bank's consumer business at one-half the cost of transactions handled by human tellers. Says...
...Citibank's foray into the future goes beyond automatic tellers. This month a hundred Citibank customers in the New York City borough of Queens will give up their checkbooks in favor of small computer terminals installed by the bank in their homes. These desktop devices will enable customers to electronically pay their bills or rent, stop payment on a previously paid bill, take out a loan, open a new savings account or check on the balance of an existing...
...Citibank is already preparing for nationwide banking. It has put its VISA and MasterCard into the pockets of 5 million customers throughout the U.S. and is moving its credit-card operation to Sioux Falls, S. Dak., where it is free from any restrictions on what interest rate it can charge. Regional banks, such as North Carolina National, and Citizens & Southern in Atlanta, also want the right to expand across state boundaries and are promoting a law that would permit them to do banking in nearby states...