Citicorp-Travelers merger - from sure thing to shaky

Article Abstract:

Jamie Dimon has resigned from Citicorp-Travelers, leaving questions about the succession, since he was expected to take over from Sandy Weill. Dimon had been appointed to share the management of Salomon Smith Barney, and the bank has suffered trading losses. Dimon was the boss of the daughter of his boss after the merger, and decided not to promote her, which could have led to a cooler relationship with his boss. Weill is joint head with John Reed from Citicorp, but Weill appears to wield more power, which makes the succession issue more urgent.

Officials and employees, Appointments, resignations and dismissals, Dimon, James, Citicorp-Travelers

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A banking revolution

Article Abstract:

Telephone banking has developed rapidly in the UK and looks set to grow further. There are also developments in computer and television banking. Barclays is piloting a scheme using personal computers, while NatWest is piloting interactive television banking. Costs are linked to the cost of phone calls, though local rates are charged. Security is a bigger concern, and personal identification numbers, or passwords are used. Home banking can be used to complement existing services, rather than a replacement.

All Other Information Services, Functions related to deposit banking, Home Banking Service, United Kingdom, Science and technology policy, Home banking, Home banking services

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Spanish banking business

Article Abstract:

Developments in the Spanish banking industry are examined in detail. Expansion into Latin America can provide opportunities, but can also present challenges for Spanish banks.

Spain

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