Saturday, January 17, 2009

Banks: Clowns Wake Up And Warn On Citi

Jeeeeeesus! Have they finally got it?
One has probably lost his pants, and they finally notice the damage ...

FT Alphaville writes:

... ratings under review for possible downgrade, citing “further deterioration in Citibank’s standalone creditworthiness that is represented by its relatively low tangible common equity ratio and growing pressures on its franchise value. ”


What's the value of their service?
Well, not totally lost, sometimes they do some decent job ....

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