THE CITY OF THE SLUMPING SHOULDERS
The nightmare has come true. Regional bankers in the US have long feared that banks from New York and overseas would come and eat their lunch. In Chicago, it’s happened.
The buildings downtown are symbolic of the change. In the heart of the Loop, Manufacturers Hanover is building a skyscraper to stamp its presence on the city. A stone’s throw away lies one of the five dozen branches of Citicorp Savings of Illinois –formerly First Federal, which Citi purchased in January 1984.
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