Word: citibanker
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...though, Congress has moved cautiously against foreign banks. With a few notable exceptions like Italian Financier Michele Sindona, whose $45 million fraud drove New York's Franklin National Bank into bankruptcy in 1974, overseas investors have generally poured needed capital into American banks and made them stronger. Concedes Citibank Chairman Walter Wriston: "The consumer benefits from all this new competition." Moreover, an attack on foreign banks here could provoke retaliation against their American counterparts in Europe and Japan. While foreigners hold $211 billion in U.S. banking assets, Americans control $361 billion overseas...
...person. In his attempts to straighten out the nation's third largest bank, he should have let himself go. When Rockefeller became president in 1961, Chase was New York City's largest bank. But it was soon outpaced in both size and earnings by its aggressive rival Citibank...
...annual meeting in April, the bank will be in good health. In the three years since he wrote that memo, Chase's assets have grown by $22.4 billion to $65.4 billion, and return on assets, the best measure of a bank's performance, soared ahead of rival Citibank in the first half of this year...
...gaining greater affluence than ever before, and they no longer want to rely on the time-honored financial vehicles, such as savings accounts, to harbor their assets." Some Wall Street experts believe that within a decade, a dozen national financial services, perhaps with names like Chase American Express or Citibank Hutton, will dominate the U.S. banking-and-investment business. Merrill Lynch's bulls want to be leading that stampede...
...banking and also earn a better return on their investments if they linked up with established financial institutions. Starting about 1976, a number of partnerships were created, including the Saudi International Bank. Union des Banques Arabes et Franchises and the European Arab Bank. At the same time, Morgan Guaranty, Citibank and Chase Manhattan launched joint ventures with Middle East moneymen and began teaching scores of young Arabs complex arts like organizing loan syndicates on the Eurodollar market...