Word: citibankers
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...Chase Manhattan, Barclays Ltd and Mitsubishi. The street corners outside are given over to smaller entrepreneurs with just as much Phoenician zest for commerce. They hawk everything from quarts of Johnnie Walker scotch to Barbie dolls; a good part of the merchandise comes from inventories assembled by looting. Says Citibank Manager John Bernson: "We're beginning to see unmistakable signs of that old Beiruti personality coming to the surface again...
...computer, and out whirs the answer: 113. Then he touches another key, and the computer spits the names of those 113 paying customers. Among them are the departments of State, Treasury, Commerce and Justice and two dozen other federal agencies. Then there are Morgan Guaranty, Bank of America, Citibank and a score more banks, and American Can, Dow Chemical, Exxon, Shell, among many other industrial giants...
...account reached a high of $1.1 million in 1976-a sum conceded to be "somewhat excessive" by one of the Georgia bank's officials in a letter to the comptroller. Yet NBG officials also noted that their bank's earlier correspondent relationship with New York's Citibank had been unsatisfactory. According to one memo, "Manufacturers Hanover was much more responsive to the needs of Southern correspondents...
Should a bank grant a personal loan to the head of another bank that makes an interest-free deposit? Said a high officer of one of Manny Hanny's competitors: "Citibank wouldn't do it. Chase Manhattan wouldn't do it. Morgan Guaranty wouldn't do it." Now Comptroller Heimann will assess whether or not anything was improper. His investigation has been expanded to include all of Lance's loans from NBG correspondent banks -four of the five loans that...
...bankers and politicians round the world almost unanimously applauded Witteveen's initiative. Irving S. Friedman, senior adviser for international operations at Citibank, has gone so far as to advocate an increase in total IMF resources to a staggering $100 billion. Says he: "I am not looking at what might be enough in 1977.1 am looking at what is going to be enough...