Battling back: Citicorp
Article Abstract:
Citicorp's extensive restructuring under John Reed is beginning to reap benefits for the prominent banking firm. Reed expects that Citicorp's earnings capacity will be return to 1988 levels by the end of the year, but bad debts continue to erode the banks current operating margins.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Banks retool
Article Abstract:
More banks are hiring industrialists as executives, in an attempt to find ways to cut costs, restructure operations and improve controls. Banks have begun to suffer as competition is increasing and the recession is causing debt to rise.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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E pluribus unum: NationsBank
Article Abstract:
NationsBank's aggressive acquisition strategy has made it a regional banking power commanding about $120 billion in assets. The former NCNB Corp scored a coup when it acquired Texas-based First Republic in a tax-favored transaction.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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