Word: citicorps
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...lost some of that youthful exuberance. BankAmerica's earnings have steadily declined since he took charge, and last week the San Francisco-based financial giant (assets: $118.5 billion) said that it lost $337 million last year, its first annual deficit since 1932. The bank, now second in size to Citicorp (assets: $175.6 billion), also disclosed that it was suspending payment of stock dividends...
...long as protestors are assured by a loving CRR that no matter what they do they will be free to graduate in good standing and move on to high-paying jobs at Citicorp, IBM, or Baker International (as the case may be), they will feel free to violate any speaker's freedom of speech and movement in the future...
...banks. They were the country's first bank failures in 62 years. Last week a financial crisis struck a third bank, the Montreal-based Mercantile Bank of Canada, the country's eighth largest, with assets of $4.4 billion (Canadian dollars). Mercantile, which is 24% owned by New York-based Citicorp, has been facing a severe cash squeeze. Investors who would normally buy Mercantile's commercial paper have been buying securities elsewhere. Their lack of confidence in Mercantile reflects the bank's small size and relatively poor loan portfolio, which is burdened with risky oil and real estate loans...
...struggles in American industry are fiercer than the one now being waged between the Davids and Goliaths of the banking world. As such giants as Citicorp, Chase Manhattan and Bank of America press their campaign for unlimited interstate banking, smaller lenders are fighting back. Last week the Supreme Court dealt the big guys a major blow. In an 8-to-0 vote, the court ruled that local institutions can form regional networks that shut out larger rivals based in other states...
...court's verdict, Bank of Boston (1984 assets: $22.1 billion), New England's No. 1 lender, will now acquire Colonial Bancorp of Waterbury, Conn. (assets $1.5 billion), and RIHT Financial Corp. (assets $2.3 billion) of Providence for about $200 million. Said a disappointed Hans Angermueller, vice chairman of Citicorp (assets $150.1 billion), which led the legal fight against the regional pact: "Banking is the only industry that still enjoys local protection...