Word: citibanker
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...Citibank pushes its traveler's checks by showing a couple vacationing in Japan going native in a public bath: the wife cringes in embarrassment as a real native not only edges closer to make conversation but threatens to stand up to welcome the outlanders. The California Avocado Commission promotes the nutritional value of its green "love food" with the help of aging Sex Symbol Angie Dickinson, 49, who in December will sprawl across two pages of recipes in some 18 national magazines. The copy asks: "Would this body lie to you?" Ads for B.V.D.s, now made by Union Underwear...
...stocks of nine banks. Explains Olayan: "Their resources are infinite. Their raw material is money, and it does not deplete" like oil and gas. Associates also cite a gut interest in banking, perhaps stemming from a time 15 years ago when Olayan's Saudi companies were overextended and Citibank called in $2 million in loans. Says a friend: "Since then he has had a hate-love relationship with banks. He can get very excited when he tells of how they almost pulled the rug out from under...
...international money transfer department of New York's Citibank, 50 people sitting before desktop computer terminals silently tap away at coded keyboards and thereby handle the work that it took 430 people to perform...
Despite some initial grumbling that the new machines would turn them into white-collar automatons, secretaries and clerical people usually welcome the appearance of a word processor or minicomputer console on their desks. Betty Mates, 31, a Citibank clerical worker for close to 13 years, now uses a Digital Equipment Corp. minicomputer in the bank's letters-of-credit department. Says she: "The department used to be chaos. One letter would get handled by four, five or six people. But with the new system, one person handles everything. I had no trouble adjusting. To me it was like...
...been struggling for a year to control the growth of money, has once again slammed on the credit brakes (see following story). Chase Manhattan Bank, the nation's third largest, last week pushed the prime rate -interest it charges its best corporate customers-from 13% to 13½%. Citibank, the No. 2 bank, quickly leapfrogged that rate and set its own at 14%. Lenders like California's Great Western Savings & Loan also hiked the interest level on home mortgages last week from...