Warning bankers that high-tech companies may drive away with customers on the information highway, Citicorp chairman and chief executive John Reed said the industry must face up to dramatic changes which will occur over the next 10 years.

Addressing the Bankers Association for Foreign Trade convention held here this week, Mr. Reed divided the issues facing bankers into three distinct categories: structural, geographic, and technological.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.