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* Citibank, 1981 – 1986
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Citibank and 1981
In 1981, Citibank chartered a South Dakota subsidiary to take advantage of new laws that raised the state's maximum permissible interest rate on loans to 25 percent ( then the highest in the nation ).
In 1981, Citibank, a unit of Citigroup, acquired Diners Club International, the franchisor that holds rights to the Diners Club trademark, and many of the largest franchises worldwide.
In 2000, the Carte Blanche name was revived in the United States when Diners Club, which was also acquired by Citibank in 1981, introduced an upscale version of its card: the Diners Club Carte Blanche Card.
Online services started in New York in 1981 when four of the city ’ s major banks ( Citibank, Chase Manhattan, Chemical and Manufacturers Hanover ) offered home banking services using the videotex system.
Sirleaf initially moved to Washington, D. C., to work for the World Bank before moving to Nairobi in 1981 to serve as Vice President of the African Regional Office of Citibank.
Citibank and –
* 1998 – Travelers Group announces an agreement to undertake the $ 76 billion merger between Travelers and Citicorp, and the merger is completed on October 8, of that year, forming Citibank.
By the time the affiliation restrictions in the Glass – Steagall Act were repealed through the Gramm-Leach-Bliley Act in 1999, many commentators argued Glass-Steagall was already “ dead .” Most notably, Citibank ’ s 1998 affiliation with Salomon Smith Barney, one of the largest US securities firms, was permitted under the Federal Reserve Board ’ s then existing interpretation of the Glass-Steagall Act.
As a result of the global financial crisis of 2008 – 2009 and huge losses in the value of its subprime mortgage assets, Citibank was rescued by the U. S. government under plans agreed for Citigroup.
Citibank unsuccessfully tried again in 1977 – 1987 to create a separate credit card brand, the Choice Card.
In 2008, Citibank was crowned Deal of the Year – Securitisation Deal of the Year at the 2008 ALB Japan Law Awards.
( National Association ) – The " original " Citibank, primarily doing business in New York State and the tri-state New York metropolitan area.
* Citibank Canada – One of Canada's longest-serving foreign banks, currently with 3, 400 employees from coast to coast.
1981 and –
Allan Dwan ( April 3, 1885 – December 28, 1981 ) was a pioneering Canadian-born American motion picture director, producer and screenwriter.
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