Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (806)	11/20/2001 8:23:11 AM
From: Les H	Read Replies (1) \| Respond to of 49042

It looks like it could backfire in a major way, not just on the banks. I understand the banks are also trying to package their cross-holdings into exchange-traded funds to dump them onto the public market as IPOs.

To: Don Green who wrote (806)	11/20/2001 10:11:32 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 49042

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.