Word: gã
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...gold patterns on the walls and easy credit. Here, 450 people--mainly women in their 20s--sit side by side in booths and field calls from Russians asking to borrow money. Most of the time, the answer is a resounding yes. Owned by the French bank Société G??nérale, Rusfinance is aiming to build a massive presence in Russia. Back in Paris, SocGen's chief executive, Frédéric Oudéa, even talks about Russia becoming the bank's second biggest market, after France...
Rusfinance and Société G??nérale officials say they are working the crisis to their advantage and have increased the company's share of the auto-loan market. "We see this as an opportunity," says Lyudmila Bogushevskaya, director of Rusfinance's regional network department...
...from 1967 to 1984, Wriston changed the y in City to an i. After years of success, though, he left the bank with billions in bad loans to Latin America. Only profits generated by the U.S. retail-banking and credit-card juggernaut built by Wriston's protég?? John Reed--combined with a certain amount of forbearance by bank regulators and a lot of cash from Saudi Arabia--enabled Citi to survive. Reed then agreed to a 1998 merger with Travelers Group, which necessitated congressional repeal of the Glass-Steagall Act and established Citigroup as the greatest financial supermarket...
...interesting protég??-and-mentor team: Summers is the deep, intellectual economist who can be brusque if not arrogant. Geithner is a smoother, harder-to-read operator who gets along well with everyone. Of the two, Summers is the one to watch. He is expected to do for the economy what strong-minded and ambitious National Security Advisers like Henry Kissinger have done for foreign policy: plan it, set it and control...
...movement (i.e., the watch's inner workings) is made up of 200 minuscule pieces?52 in the tourbillon mechanism alone. (The tourbillon is a fancy device originally designed to counteract the effects of gravity.) Each watch is assembled from start to finish by a single craftsman at Daniel Roth & G??rald Genta, Bulgari's workshop for its most complicated timepieces, in Le Sentier, Switzerland. A "grand complication"?as the most complex watches, like Tourbillons, are called?requires more than 3,000 production steps and 300 quality-assurance checks. Each watch can take up to a week to be assembled...