Word: citibankers
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Optimists like to call a market decline a "buying opportunity," and, with stocks down more than 50 points over the past two days, Citibank is making it easier to purchase stocks. The bank announced Wednesday that customers will be able to buy stocks, bonds and mutual funds through its 1,800 automatic teller machines in five major cities. The service is available today in New York City, Chicago and Miami. It will be in San Francisco and Washington by the end of the month. Citibank customers can use the ATMs to find out a stock's latest price, and then...
...Cantonese- dialect Cognac ads in Chinese newspapers and magazines. And meat packer Hormel & Co. designed some of Spam's in-store promotional displays in Korean. Others have stumbled. A New York Life Insurance Co. ad designed to appeal to Koreans failed miserably because it used a Chinese model. Citibank had to drop a New Year's holiday TV ad targeted at Chinese consumers after viewers complained about the sexual innuendo of corks popping out of champagne bottles. The bank replaced the spot with one featuring a dragon. Marketers acknowledge that it's worth the time and trouble...
...nation's leading producer of electronic cash registers and the world's largest manufacturer of automated teller machines for banks. The company is the third biggest issuer of credit cards, behind only American Express and Citibank. It has also expanded into the field of multimedia (machines that can combine text, graphics, sound and video) by buying pieces of EO, interactive computer maker 3DO Co. and software start-up General Magic. Earlier this month, the phone giant entered the video-game business through a joint venture with Sega Enterprises that will enable players to take on opponents over...
...consider: five years from now, on the off-chance Citibank has been forced to pay out more than the actual S&P gain, investors will be thrilled. Asked whether they want to renew for another five years, most will say yes. So, just as at Las Vegas, if Citi can keep the people betting long enough, it'll do just fine...
What makes Citibank's offer particularly loony for most retirement-account investors is that their retirement money is in the market for the long run. Why give up all the dividends just to protect against the possibility that the market could be lower exactly five years from now? Sure it could be. But over the long pull, unless you're in your 60s or 70s, what difference does that make...