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Wriston termed the Post story "the moral equivalent of publishing raw data from an outdated FBI file." He insisted that Citi bank's condition is "excellent." Rockefeller called the story "a clear case of irresponsible journalism" and asserted that Chase is "sound, vital and profitable." Comptroller of the Currency James E. Smith noted that all the in formation was taken from outdated reports some l l/2 years old. Both banks have had subsequent inspections and, except for the loan losses, they apparently more than satisfied the examiners. The banks, said Smith, "continue to be among the soundest banking institutions...
Nearly all industries are enjoying an earnings bonanza, which suggests that it is based on a solid, sustained expansion of the whole economy. Profits were up in 27 of the 32 industries in Citi-Bank's study, and the list of companies that have reported an after-tax earnings gain of 20% or more in the second quarter is impressive-General Motors, Ford, IBM, Sperry Rand, DuPont, Union Carbide, Caterpillar Tractor, International Paper, B F. Goodrich, Eastman Kodak and Zenith. Small firms in the same fields are often doing even better, according to Michael K. Evans, president of Philadelphia...
...report on Thieu's efforts. He painted a grim picture. "The government of South Viet Nam is infested with corruption," Ken nedy told the World Affairs Council of Boston. "It is almost impossible to go to Viet Nam and speak with any can did American or South Vietnamese citi zen without instantly becoming involved in a discussion of the corruption of the central government...
...business: credit cards. For $12 million, it will buy control of Hilton Hotels' profitable Carte Blanche, which bills $90 million a year. In a complex pact, Hilton and Citibank each will own half of Carte Blanche, but the bank will hold all the voting stock. Hilton figures that Citi bank's worldwide outlets will help Carte Blanche trump the two leaders in the field, American Express and Diners' Club. Moreover, Citibank is strong in the eastern U.S., and Carte Blanche is now popular mostly in the West...
...more pport from local government is ident from the recent "stills" ntroversy, when few local officials ood by the University in its oppotion to the office building. Educat potential community leaders great feedback value: For exple, Brown-Providence relations happy precisely because so any of the town's influential citi are Brown alumni. Moreover, arvard University has a responsity to the city, especially since it to ignore the benefits it reap from a progressive urban ewal policy. If Harvard wants city to back its bid to buy the A lots when all University land is tax-exempt, it should...