New Reply

Post a Reply

Thread: Citigroup suffers a huge loss and world stock markets trembles

Title: (100 characters at most)

Content: ( 3,000 characters at most, please )

You can add emoticons below to your post by clicking them.

[quote=MARRIE,266352]old news implies dynamic org. restructure is inevitable.

'' Citigroup reported earlier a fourth-quarter loss of $9.83 billion, or $1.99 a share, which included $18.1 billion in subprime-related writedowns, and a $4.1 billion increase in consumer-related credit costs. Revenue fell to $7.22 billion from $23.83 billion a year ago, missing the mean estimate of analysts surveyed by Thomson Financial of $10.64 billion.''

·	Scandals after the 1998 Citigroup Merger 
o	Stealing employees and clients 1999 
o	Illegal practices in Japan 2001 
o	Mortgages scandal 2002 
o	Alleged complicity in a fraud 2003 
o	Misinformation 2003 
o	Staff Helping another fraudster 2002/3 
o	Late 2003 Emerging Mutual Funds Scandal 
o	The Global 10 billion Euro Parmalat fraud

·	 Citizen's Awards

o	 Worlds most destructive bank award 2000 
o	One of Corpwatch's 10 worst corporations 2002 
·	Fraud by employees

i think citi external auditor is honest than those who used to serve enron/telecom.
[/quote]

characters left

Name:

Get a new code