Word: citigroup
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TIME But what about 10, 15, 20 years? Is the goal to get as big as Citigroup? K.K. We're really not about being large in assets like some of the other banks. We want to be the bank for everyday people that--by concentrating on consumers and small businesses--has an advantage over competitors who are trying to serve commercial and international markets as well...
Rubin stayed at his post until the spring of 1999—slightly longer than he had planned, delayed by the global economic crisis and Clinton’s impeachment battle. He then joined Citigroup as a director, a position he still holds today...
Following his selection of Rubin, now a director at Citigroup, Summers again turned to an old colleague from his time in Washington: Robert D. Reischauer ’63, former director of the Congressional Budget Office and president of the Urban Institute, a non-profit think tank in the nation’s capital. Reischauer speaks Summers’ figures-based language, and his appointment in 2002—as a replacement for the short-lived Enron director Herbert S. “Pug” Winokur ’64-’65—made...
Despite those differences, banks and NGOs are likely to keep working together. The reason is simple: socially and environmentally responsible investment makes good business sense. HSBC, Citigroup and ABN Amro all say green issues are increasingly important when they consider funding global projects. "[In the future], the Equator Principles will be seen as a catalyst for how banks conduct themselves in other areas of their business," says ABN Amro's Burrett. If that happens, activists in haz-mat suits will have to find another target...
...Japan's Big Three (Toyota, Honda and Nissan) led Asia's automakers to a record 37.5% share, according to market-research firm Autodata Corp. "The Japanese are moving into new segments [like hybrids and small SUVs], while the Americans are struggling to update their aging product lines," says Nikko Citigroup analyst Andrew Phillips. At the head of the pack: Nissan, with a 32% gain in sales compared with April 2004. --By Jim Frederick/Tokyo