Relevant:
- Argentina warns Citibank it could lose banking license
- Citibank Arrests Customers for Trying to Close Accounts (Video)
- 30 Citibank customers arrested for closing their account [With Citibank Statement Update]
- Citibank in Argentina to Stop Making Bond Payments
- Citibank Belgium to pay ‘duped’ savers 128mn for bad Lehman deal
2009-10-23 — market-ticker.org
" Citibank's average yield year-to-date (consumer and plastic) was about 12%. But they're suffering 10% defaults, making their true margin about 2%. That's still a positive number.... if it's accurate."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments:
catherine at 22:46 2009-10-23 said:
CITI AND WELLS ARE GONE, WHY TORTURE US ANY LONGER JUST PULL THE PLUG............ AFTER ALL WHEN THE GOVERNMENT OWNS THE BANKING INDUSTRY, WHY IN HECK DO WE NEED MORE THAN ONE BANK............... AND BOA GETS THE BANK BILLET AND JP MORGAN THE INVESTMENT BANK SPOT SO THERE IS NO REASON FOR WELLS AND CITI TO CONTINUE TO BE PROPPED UP, IS THERE? :? :? Permalinktvsterling at 09:22 2009-10-24 said:
These staggering rates may well be a pre-bankruptcy move by Citi. Does anyone know offhand what the cheap 'beginner's' cards the department stores offer are going for now? Have they all gone away? The whole credit rating game seems to be self destructing. Why bother to strive for the 750 rating when your creditor sees nothing wrong in slitting your throat when they get a sudden fancy for a bucket of blood. Permalinkadd a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.