Citibank has a capital crisis?
Does Citi have a capital crisis?
Some analysts think Citigroup needs to take strong medicine – like a dividend cut – or risk further stock erosion. Fortune’s Peter Eavis looks at the books.
http://money.cnn.com/2007/11/07/magazines/fortune/eavis_citicapital.fortune/index.htm
do read this article, if you are in doubt! I got a sms which read “If citibank and ubs are really that smart, how come they lose money so regularly for their stakeholders”
Of course i forwarded this sms to a few friends….
One of them replied “They are still smart because they lose others’ money, we stupidos lose our own money”
well…..
Ravinder Makhaik
The SMS reply did sum up the argument.