Word: citicorps
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...YORK: You still can't buy stocks at the ATM. But the move toward one-stop, convenience store-style financial services just turned to a stampede with the announcement Monday of the $70 billion Citicorp-Travelers Group merger -- the biggest ever...
...Swiss Alps and Tanzania's Mount Kilimanjaro. But his loftiest goal is to lead NationsBank, the Charlotte, N.C., company he has run since 1983, to the summit of American banking. Through more than 50 acquisitions, McColl has turned NationsBank into the third largest U.S. lender (behind Chase Manhattan and Citicorp), with branches in 16 states and $316 billion in assets. And NationsBank stock, which has swelled to $65 billion in total value, makes the bank No. 1 in market capital. "In most of life's endeavors," declares McColl, 62, "you are either growing or dying...
Digital completes a strategic triangle. It produces such high-margin items as the servers that link thousands of PCs on the Net, but its support staff serves such blue-chip customers as Citicorp and Lockheed Martin. Digital will smooth Compaq's path into the corporate computing world coveted by Pfeiffer. "Services open the door for hardware," says Digital chairman Robert Palmer...
...Citi Never Counts (Fortune) Citicorp wants a billion customers in the next millennium, but that might be a problem: It can't even say how many customers...
...promised to spread the burden of reform. Last week his government asked citizens to donate gold jewelry to ease the currency crisis and said it would put two failing banks up for sale to foreigners. Almost immediately there were reports that Chase Manhattan and Citicorp had expressed an interest in taking positions in the firms, though the banks refused to comment. Kim told TIME that "if layoff of workers is necessary, then that is what we will do." And he has warned the chaebols that if they don't reform, he will do it for them. "It is sure...