Word: citibankers
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...could resist the temptation? The ever solicitous Citibank dangled before me in the autumn mail an offer of a preapproved Visa card that would grant one frequent-flyer mile on American Airlines for each dollar charged. The lure of these two American obsessions -- credit and free travel -- proved irresistible, so I mailed the form and soon received cards for my wife and me. A month later, after we had rung up more than $4,200 in charges (about 20% of what would be needed for a free round-trip domestic ticket), my wife pulled out the card to purchase...
...call to Citibank produced a perplexing explanation: "Sorry, you have a derogatory credit statement," intoned the clerk. Pursuing it further, I was connected to a Mr. Thomas, who put matters even more bluntly: "This is one of the worst credit reports I've seen," he declared. A repossessed car, about $70,000 in tax liens, a bankruptcy adjustment plan and scads of debts unpaid. "That can't be me," I protested, explaining that I was a paragon of fiscal responsibility. He was unpersuaded...
...horrendous credit history. After many phone calls, the IRS admitted it had the wrong man. Perhaps my deadbeat namesake had returned to haunt my credit rating. Hearing this tale, Mr. Thomas softened a bit and told me to send him some identifying papers. Then he dropped another bombshell: Citibank, he said, had discovered a "death alert" filed on my Social Security number in 1981. So not only was my credit a disaster, I was also officially dead...
...publication has received enthusiastic support from corporate donors, including Chubb Realty and Citibank, who have bolstered the paper with a steady stream of advertising (at $3,500 a page). In addition, the New York Times provided free circulation advice as well as caps and aprons printed with the Street News logo...
...company is lurching from crisis to crisis. Campeau Corp. managed to scrape together $100 million last week to meet the deadline for paying suppliers who shipped the 257 U.S. stores everything from tank tops to tiaras. This week the firm hopes to persuade Citibank and other major lenders to roll over $2.3 billion of loans. But even if the creditors agree, the Canadian company must put its U.S. retail operations on a sound financial footing by taking drastic steps to trim costs and sell properties. Observes Wilbur Ross, senior managing director of the Wall Street firm Rothschild...