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Word: citigroup (lookup in dictionary) (lookup stats)
Dates: during 1990-1999
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...same way that banks are bombarding customers with ATM and service fees, giants like Citigroup, MBNA, Bank of America and American Express are raising fees, to $20 or $30, for being late or over limit. They're also shortening and rigidly enforcing grace periods on bill payments, upping foreign-transaction fees and imposing penalty interest rates of 20% or more. Some bewildered customers are being punished for not charging enough (inactivity fees). And even if you pay your MasterCard, say, but fall behind on your Discover charge, the MasterCard issuer might raise your interest rate, because you're deemed...

Author: /time Magazine | Title: Finance: On The Hook For Fees | 8/9/1999 | See Source »

...last year, according to Consumer Action. Today charges run as high as $35 a pop, helping propel industry-wide fee revenue, which now accounts for nearly 20% of all revenue, from $10 billion in '96 to $19 billion in '98, according to CardWeb.com Financial giants Citigroup, Bank One and Chase just reported strong second-quarter earnings, fueled by double-digit growth in credit-card income...

Author: /time Magazine | Title: Finance: On The Hook For Fees | 8/9/1999 | See Source »

...legal department at Citigroup will be so relieved. The House of Representatives on Thursday night finally passed a bill that sweeps away the outdated taboos of the Depression-era Glass-Steagall Act. After a year of lobbying to protect its very existence ?- the epochal $70 billion merger between Citibank and Travelers Group last spring is technically against the law ?- the walls between banking, securities and insurance companies appear at last to be tumbling down...

Author: /time Magazine | Title: Get Ready for One-Stop Financial Shopping | 7/2/1999 | See Source »

...enough to help poor neighborhoods and minorities get the service they need from reluctant insurers; Clinton says the Senate version takes too much regulatory turf away from the Treasury Department. Now the negotiators take over ?- and Wall Street is salivating at the prospect of a deal. When Citigroup?s model of one-stop financial shopping becomes officially available to the rest of the corporate herd, get ready for a merger stampede; Merrill Lynch, Lehman and DLJ are all potential acquisitions (or acquisitors). And in the meantime, financial stocks may be a pretty good...

Author: /time Magazine | Title: Get Ready for One-Stop Financial Shopping | 7/2/1999 | See Source »

...Citigroup Intel Time Warner Lucent...

Author: /time Magazine | Title: Your Money: May 3, 1999 | 5/3/1999 | See Source »

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