Word: lyonnaise
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How tight are things at MGM? The studio has delayed the release of two completed films, Delirious and Thelma and Louise, because it doesn't have the money to pay for prints and advertising. Such postponements are "unique and embarrassing," says Peter Bart, editor of Variety, Hollywood's top trade...
The bottom line is that America is an ebbing power in the banking world, with its mightiest institutions surpassed by behemoths in Japan and Europe. U.S. banks have simply been outmuscled abroad by their bigger, better- capitalized foreign competitors, like Sumitomo and Fuji of Japan, the Deutsche and Dresdner banks...
In Willemstad, the sunny Caribbean capital of the Netherlands Antilles, a banker ushers an American visitor through a hotel casino and into a dining room overlooking the harbor. During refreshments, the prospective customer says he expects a six-figure cash windfall soon and would like to bring the money "quietly...
Determined that the sun should never set on their empires, the Japanese banks have also expanded in Western Europe. They are particularly conspicuous in London, where some 35 Japanese banks operate. These institutions account for more than 20% of all British banking assets. Says Jacques Girault, director of international service...
BANKS. They execute most of the orders for companies and also trade on their own account. An American tourist exchanges $100 for marks at a bank in Frankfurt; the bank can hold the dollars or sell them for other currencies, as it chooses. More important, a French cooperative, for example...