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Strategies & Market Trends : World Outlook
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To: Don Green who wrote (806)11/20/2001 10:11:32 PM
From: Wyätt Gwyön  Read Replies (1) of 49047
 
Probably the big draw is that Citibank Japan lets customers open a multi-currency account so they can hold dollar-denominated time deposits, among other currencies. Yields are somewhat lower than CDs at US-based banks, but are orders of magnitude above what is available in a yen savings acct. Also, Citibank J has very good service compared to Japanese banks imo. The idea of multilingual 24-hour customer service lines must be quite revolutionary for a Japanese bank.
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