Word: citibankers
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...little as $500 to invest will find that banks give them more possibilities than ever before. Banks now offer an array of money-management accounts and even discount stock-brokerage service. Banks have vastly improved upon old-time bankers' hours of 9 a.m. to 3 p.m. New York's Citibank boasts that 80% of its depositors use its 24-hour automatic-teller machines and that more than half of all customers say they no longer need to venture inside the bank...
...promote economic growth. But judging by the names of likely nominees for the two latest vacancies, which became an item of speculation last week, the Administration now seems inclined to continue to let the board have some dissenting voices. One probable nominee is Leif Olsen, 60, a former Citibank economist who leans toward a monetarist, or tight-money, philosophy. Another is Edward Kelley, 54, a Houston investment counselor who displays no particular allegiance to easy-money thinking...
...billion flowed into Spain during the first ten months of 1986, an increase of 115% over the same period in 1985. Two attractions: Spain's low labor costs, which run 15% less than the European average, and the country's large population of consumers (39 million). Says Courtenay Worthington, Citibank Espana's general manager: "Spain is becoming a magnet for foreign investment. Many companies are putting up money, and those that aren't are wondering if they should...
...their silver-related debt, the Hunts borrowed $1.1 billion. Eventually they owed money to banks ranging from Texas institutions to New York's Citibank, the Bank of Nova Scotia and the Bank of Scotland. To secure the loans, the Hunts pledged as collateral much of their wealth, including assets from Placid Oil, their main holding company...
...Citibank-Citicorp donated at least $3 million. Primary sponsor Coca-Cola Co. won't disclose its donation, but Rogol concedes it's at least as much as Citicorp...