Walter Wriston
Influential New York banker (1919 – 2005) / From Wikipedia, the free encyclopedia
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Walter Bigelow Wriston (August 3, 1919 – January 19, 2005) was a banker and former chairman and CEO of Citicorp. As chief executive of Citibank / Citicorp (later Citigroup) from 1967 to 1984, Wriston was widely regarded as the single most influential commercial banker of his time.[2][3] During his tenure as CEO, the bank introduced, among other innovations, automated teller machines, interstate banking, the negotiable certificate of deposit, and "pursued the credit card business in a way that no other bank was doing at the time".[4][5] With then New York Governor Hugh Carey and investment banker Felix Rohatyn, Wriston helped save New York City from bankruptcy in the mid-1970s by setting up the Financial Control Board and the Municipal Assistance Corporation, and persuading the city's union pension funds and banks to buy the latter corporation's bonds.[6]
Walter Wriston | |
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Born | (1919-08-03)August 3, 1919 |
Died | January 19, 2005(2005-01-19) (aged 85) |
Nationality | American |
Alma mater | Wesleyan University (BA) Tufts University (MA)[1] |
Occupation(s) | Banker Chairman |
Known for | Chairman and CEO of Citicorp (1967–1984)[1] |