Word: citibankers
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...Harvard Business School has practiced what it teaches, tying up a savvy deal with Citibank that will give its students access to cheap loans...
...Citibank will get the status of preferred lender at HBS, though students can still find loans from other sources...
Millar said Citibank is making a safe investment in loaning to HBS students, who frequently go on to illustrious careers on Wall Street or as CEOs...
...need a good checking account, bigger banks are definitely not better. That's the conclusion of a new Bank Rate Monitor study, which found that small, local banks offer the best deals in the U.S., while giants like Citibank and NationsBank sock customers with charges up to $200 a year. Small community banks are opening at record rates (200 last year alone), so watch your area for high yields and low minimum balances and fees...
...Asia, governments stung by currency speculators, who often use derivatives, are beginning to turn on their foreign bankers. Citibank reportedly had to cancel plans for a press conference in Taiwan last month to announce a merger with Travelers Group. The problem? Taiwanese authorities denounced Citibank for allegedly circumventing banking regulations involving certain derivatives that allowed the bank to bet heavily against the Taiwan dollar. "The bottom line in this whole derivatives issue is if I'm a trader, I'll take the biggest bets that I can because if I win, I'll go home a millionaire," says Peabody...