Posts Tagged ‘capital position’

Fool Me Twice: Citigroup CEO Shouldn’t be Trusted

Tuesday, March 10, 2009 11:31 12 Comments

The markets jumped early in the trading day in a move  led by a “Leaked” memo by Nationalized Citigroup CEO Vikram Pandit which was sent to employees stating that the troubled bank was profitable in the first 2 months of 2009. He went on to describe their capital position as “Strong.”
The market, which was extremely [...]

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