How Citi is Coping in a Trying Time  

Oleh:

Serwer, Andy

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 164 no. 7 (Nov. 2011), page 29-30.
Topik: Citigroup; Bank Industry; Financial Crisis; Emerging Economies; Wall Street

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.46 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Next year, Citigroup will reach a historic milestone: its 200th birthday. That makes it one of the oldest banks in the country and, fittingly for an enterprise established two days before Congress declared war against the British in 1812, one that has survived many a crisis. In Citi's case, more than one has been at least partially self-inflicted, including the events that resulted in $45 billion worth of federal bailouts during the financial meltdown. Since then the company has been paring debt and slowly picking itself off the mat with seven profitable quarters in a row. But like other bank stocks, Citi (C) shares have suffered, losing 30% in the past three months. In an interview with Fortune managing editor Andy Serwer, Citi CEO Vikram Pandit sees slow growth but predicts Citi will benefit from emerging economies.

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