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Diane Publishing Books
Wriston: Walter Wriston, Citibank, & the Rise & Fall of American Financial Supremacy
Phillip L. Zweig (au). The inside story of the man who delivered Citibank into the global arena -- & brought it to the edge of the abyss. When Wriston was a young man, bankers were risk averse, & lacked entrepreneurial spirit. Wriston rose to the top of a giant but sleepy First National City, later renamed Citibank, & set about reinventing not only his own institution, but much of banking & finance in the U.S. & the world. He challenged the wisdom of institutions from the White House & Congress to the Federal Reserve. He revolutionized consumer banking, the use of bank credit cards, & interstate banking & in partially dismantling bank regulation. He was criticized for lending billions to Third World countries. Based on interviews with dozens of the movers & shakers of the time.
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