BANKING & FINANCE - Jan. 28, 1992
From Times Staff and Wire Reports
Citicorp Sets New Lending Standards: The nation’s biggest banking company is setting new lending standards that will make it less vulnerable to downturns in any one industry but could also raise some companies’ borrowing costs. Citicorp is distributing guidelines to its lending officers that set parameters for loans in 32 industries and various geographic regions in the United States. The new standards are seen as a key part of the banking company’s attempt to answer criticism that its corporate lending policies have been undisciplined.
