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...some 1 million in Asia and more than 8 million in Europe. Fully 10% of all Belgian households bank at Citicorp, as do 5% of those in West Germany and 3% in Britain. Its 300-branch consumer bank in Dusseldorf primarily serves factory workers. The firm's New York City-based Private Bank caters to wealthy individuals, offering such services as art-investment advice and estate planning. Citi's corporate customers, says Reed, include "the Daimler-Benzes of the world, the Toyotas of the world, the Exxons of the world...
Other events will include dinners with President Bok, visits to Boston's Citi nightclub and the Museum of Fine Arts, a screening of highlights from the 1989 NCAA men's hockey tournament and symposia on topics ranging from economic policy and recent scientific advances to "The State of Harvard Today...
...trying to show that the whole homelands strategy was worth salvaging, despite a barrage of doubts about it even by the Afrikaner establishment. For months South African editorials have de cried the lack of progress toward making the black territories self-sufficient. Said the pro-government Johannesburg Citi zen: "It doesn't take a genius to know that homeland development has failed...
...though the Post story was vastly overplayed and gave little perspective, it did touch on real concerns with in the banking community. The comptroller's office no longer keeps the list that the newspaper described, but it did until sometime last year. Citi bank, the second largest U.S. bank, and Chase, the third largest, really had been on the list. And the fact that two such giants could have been deemed in need of extra regulatory attention illustrates the pervasive na ture of some genuine troubles in the nation's banking system. Collectively, the 14,600 U.S. commercial...
...some consumers and businesses, especially those with less-than-top credit ratings, will be unable to borrow as much as they want. Indeed, for the banking system as a whole, the current troubles have brought a pause after a dec ade of pell-mell expansion and diversification in which Citi bank and its aggressive, caustically droll Chairman Wriston led the way. The outlook now is for several years of more cautious policies - and tighter Government supervision...