Citigroup's Hidden Surprise...
Posted in the Banking Forum
#1 Jul 22, 2014
Read this: Citigroup's Hidden Surprise
By Patrick Morris | More Articles | Save For Later
July 22, 2014 | Comments (0)
After comparing one important bit of the balance sheet at Citigroup (NYSE: C ) to peers like Bank of America (NYSE: BAC ) and Wells Fargo (NYSE: WFC ), I was ready to once again write it off. But a dive beneath the surface reveals that looks can be deceiving.
Diving into deposits
One of the metrics I always like to gauge at the banks is deposits. While the growth won't grab headlines, this is one of the most important elements of a bank's ability to function. After all, deposits allow banks to write loans, and they're a wildly inexpensive way to borrow.
In addition, one of the easiest ways to start a relationship is to have a customer open up a banking account where they park their money.
And quick glance at the topline deposit growth over the last year at the Big Four reveals a number of surprising trends:
Let me tell: In short, Citibank has the lowest Deposits compared to all four..No one dared to place money at A Fraudulent and Crooked Bank like Citibank!!
In China, Citibank has a local Partner of Hua Chi (Flowery Flag) Bank...In recent years, because of Citibank's unlawful and unruly behavior, it is doing badly!
People in US don't know: A Bad reputation of A Bank or anything goes no where in China!!!
Pay attention...The Infamy of May 2014 will not be forgotten for A Long, Long time! It is not the Xi + Cohorts...But, the people!!! Those who came in 2013 may be surprised if not alarmed already!!!
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