Word: citibankers
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...write checks against their money-market accounts through an agreement with Bank One of Columbus. Holders of American Express Gold Cards will soon be able to insert the cards into automatic teller machines around the U.S. and withdraw cash from their home bank accounts. New York's Citibank plans to move its 5.8 million-customer credit card operation to South Dakota to take advantage of higher interest rates permitted there. San Francisco's Bank of America has opened branches in Seattle, Dallas, Minneapolis and Cleveland to finance export business for corporations in those cities. These branches could easily...
...laws. Said one key congressional banking aide last week: "The chances of these proposals passing are remote. The small bank vs. big bank issue is still controversial." Nonetheless, modern financial and credit needs in the 1980s appear to be an irresistible force for changing banking's old ways. Citibank's blue, compass-like trademark may yet become as familiar a symbol around the U.S. as McDonald's golden arches...
...Secretary of the Treasury, a senior post whose occupant will be an especially close adviser. After the G.O.P. ultras and moderates had fought to a draw over who should occupy the chair, Reagan picked a man acceptable to both camps: Walter Wriston, 63, chairman of Manhattan's Citibank, second largest in the U.S. Wriston is one of the energetic creators of modern, expansionist, risk-taking banking, yet his views are unimpeachably conservative...
...become Treasury Secretary, Wriston would have had to sell $2.3 million worth of stock in the parent company of Citibank, which has claims against the assets that Iran wants to trade for return of the American hostages and which participates in Government-guaranteed loans to New York City and Chrysler Corp. At week's end, Wriston's aides said that he was not interested...
...Citibank spokesman said the loan would not violate UPenn's policy because "the loan agreement specifies that the money will be used to build three types of projects--hospitals, schools and housing for Blacks and 'coloreds...