Word: citicorps
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From Reed's viewpoint, of course, the opposite is true. Citicorp feels that continuing to view the debt problem as manageable through an endless series of interim solutions is by far the most dangerous way to handle his bank's, and perhaps the world's, economic situation. As Paris Financial Journalist Cahier wrote approvingly last week, "In the kingdom of numbers, sincerity is always rewarded." Citicorp clearly wants its rewards sooner rather than later...
...CAPTION: CITICORP PROFITS AND LOSSES...
DESCRIPTION: Bar graph, 1980 to 1987. Background photo of Citicorp Building...
BUSINESS: Citicorp sets aside $3 billion...
...chairman of the largest U. S. bank admits it may never collect on major portions of its foreign debt. Citicorp will post a loss of $2.5 billion for the quarter, which may lessen to $1 billion for the year. -- Prosperity and controversy on the U. S.- Mexican border. -- Madison Avenue fights a new service tax. -- Want an oddball investment? Try baseball trading cards...