Word: citibankers
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...enemies, including some of his powerful al Saud cousins. "There is jealousy, even hatred," says a Saudi source. "It bothers people that he came from almost nowhere and--zoom!--now he's way up here." Rumors have circulated that he is a front man for others, especially in the Citibank deal. Alwaleed and Western diplomats in Riyadh dismiss them as unfounded. He seems determined to let his influence grow, no matter the consequences. "I have nothing to hide," he says. "I've made $12 billion plus through hard work, and I am proud...
Some 50,000 of the cash cards, also known as "smart cards," are being mailed to consumers this week by Chase Manhattan and Citibank. They look like conventional credit, debit or ATM cards, but there is a vital difference: a tiny chip that can electronically store money. A consumer first takes the card to an ATM and downloads, say, $100 onto the chip. When the card is inserted into a terminal, the chip deducts the price of a newspaper or chewing gum from the total stored on the card and adds it to the virtual cash stored in the terminal...
...densely populated Manhattan, the cards stand a better chance. Simpler versions of the "stored value" cards are already in use on city subways and buses, where they're called MetroCards. Chase and Citibank are installing readers in 500 stores on the Upper West Side so that customers can use the cards at, say, Zabar's, Gartners Hardware and an Athlete's Foot store within a few blocks of one another. The merchants so far are enthusiastic. Says Martin Vatage, assistant manager of an Athlete's Foot: "You don't have to sign anything; you don't have to wait...
...Eastern Europe's differences, it is of course not possible to escape American culture and companies. The main shopping street in Budapest, Vaci Utca, is home to McDonald's, Burger King, Kentucky Fried Chicken, Pizza Hut, Dunkin' Donuts and Citibank. In fact, McDonald's has 22 locations in the city, and the world's largest Burger King is here...
...lawsuits turned up some interesting tidbits. In 1992 the Senator brought a civil suit against one Michael Magday. Later she and her second husband, investment banker Richard Blum, were plaintiffs in a case against Citibank and BYGG Enterprises. In 1990 Dan Stanford and the California Republican Party sued her in civil court. All these files, however, had been carefully scrubbed of phone numbers, addresses and SSNs...