Word: dai
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Dates: during 1990-1999
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...Credit Lyonnais of France, Midland of Britain and Union Bank of Switzerland. A glance at a list of the world's largest banks gives a clear view of the winners and losers in the bruising battle. Of the world's 20 top banks, 14 are Japanese, led by giant Dai-Ichi Kangyo (assets: $413 billion). Five are European, topped by France's Credit Agricole (assets: $243 billion). Only one, Citicorp ($231 billion), is American. In fact, of the 50 largest banks in the world, only three are American: Citicorp, Chase Manhattan and BankAmerica. "U.S. banks are pygmies in a world...
Japanese banks are currently intensifying their focus on the European Community. Some 60 Japanese banks have European bases in London, and more will probably follow. Mini-headquarters are also being established on the Continent. Dai-Ichi Kangyo and Fuji Bank have offices in Munich; Sumitomo Bank, Sanwa Bank and the Bank of Tokyo are in Lisbon; and others have set up shop in Paris, Barcelona and Milan. The Japanese are likely to concentrate their activities in merchant banking and the bond markets...
While most U.S. banks are trimming their global ambitions, America's biggest banking company is showing few signs of retreat. The 178-year-old Citicorp, ! once ranked as the world's largest bank in assets, lost that title to Japan's Dai-Ichi Kangyo Bank in 1986 and slumped to No. 11 in FORTUNE's 1990 ratings. As it stumbled in one market after another, the firm also lost some of its aura of invincibility, but it remains stubbornly committed to maintaining an international presence. Says John Reed, 51, the bank's youthful-looking chairman: "We want to be global...
...passion in the Vietnamese exile community is a puzzle to many Americans. That is no surprise to Phuong Dai Nguyen, a sophomore at the University of California, Berkeley, whose family fled Saigon in 1975: "The Americans don't know much about the Vietnamese." Yet the same has been true of the Vietnamese government's inability to fathom the importance to the U.S. of the POW/MIA issue. Fully 62% of those polled by TIME/CNN -- and 84% of Vietnam veterans -- believe there are still MIAs alive in Vietnam...