Re: strategy to turn citi bank around

On Nov 22, 5:23 am, baldeagle <botakea...@xxxxxxxxxxxx> wrote:
http://news.bbc.co.uk/2/hi/business/7741463.stm
Quote:
"Citigroup has lost more than $20bn in the past year because of the
global financial crisis.

The bank has reported four straight quarterly losses and some analysts
believe the bank will not return to profitability until 2010. "
unquote.


Citibank as we know it is history...?

<<< Fast Forward Asia <<<
.

Relevant Pages

  • Canadian Banks To Take a Huge Bath . . . Or Not, See Final Comments of Things Never Unwinding As Qu
    ... weakness, analysts suggest. ... "It's just a matter of the magnitude of (the consumer lending) decline ... Royal Bank chief executive Gord Nixon said the ... quarter earnings on Tuesday. ...
    (misc.invest.stocks)
  • Wall Street fears a big US bank is in trouble
    ... economists and analysts said that the decision ... an American bank. ... their primary dealers actually wasn't flush with cash and needed funds ... Simon Maughan, an analyst with MF Global in London, said. ...
    (misc.survivalism)
  • Re: Bank of America in precarious financial state,article link
    ... beat Wall Street forecasts. ... Analysts had expected the bank to earn ... 28 cents per share. ...
    (sci.econ)
  • Re: Bank of America in precarious financial state,article link
    ... "Bank of America's profit of $2.42 billion, or 33 cents per share, beat Wall Street forecasts. ... Analysts had expected the bank to earn 28 cents per share. ...
    (sci.econ)
  • Re: Rangers Owner
    ... > It's all abit confusing at the minute, ... I think what it means is that the bank is telling them to reduce their ... have predicted this global financial crisis. ... Yeah it just seemed a bit confusing because i guess i saw in most places that the guy coming in was DM's replacement so i took that as meaning owner as well and not just Chairman so was a bit surprised when all this financial talk started but as has been said i guess he is only there as chairman. ...
    (uk.sport.football.clubs.rangers)