"I have a mind like a steel... uh... thingy." Patrick Logan's weblog.

Search This Blog

Thursday, November 13, 2008

We Have A Problem: Citi

From portfolio.com...

"America, we have a problem. Citigroup is the largest bank in America,
with a balance sheet of over $2 trillion -- and it's also the most
dysfunctional. Since Vikram Pandit took over, Citi has lost not only
$20 billion but also more than 70% of its market capitalization,
making it now worth significantly less than, say, Genentech.
Citi might well turn out to be Hank Paulson's largest and biggest headache."


No comments:

Blog Archive

About Me

Portland, Oregon, United States
I'm usually writing from my favorite location on the planet, the pacific northwest of the u.s. I write for myself only and unless otherwise specified my posts here should not be taken as representing an official position of my employer. Contact me at my gee mail account, username patrickdlogan.