'Heads will roll' at Citi after Fed r...

'Heads will roll' at Citi after Fed rejects its capital plan...

Posted in the Banking Forum

The Lost Soul

Dunkirk, NY

#1 Mar 27, 2014
Read this: The Fed nixed Citigroup's (C) plan to raise its dividend and increase its stock buyback which would have provided compensation for shareholders whose stock has underperformed. In the past year Citigroup shares have gained just 13% while J.P. Morgan (JPM) shares were up more than 25% and Bank of America (BAC) stock gained just over 40%. This was the second time the Fed has rejected a Citigroup capital plan.

David Nelson, chief strategist at Belpointe, a wealth management firm, says Citigroup's failing grade is "qualitative." The Fed looked at Citi and "thought they don't have the people in place to handle a downturn," he says. That's code for weak risk management.

Let me remind David Cheever of Oahu, Hawaii: Are you safe???

Since: Jul 11

Location hidden

#2 Mar 29, 2014
The Lost Soul wrote:
Read this: The Fed nixed Citigroup's (C) plan to raise its dividend and increase its stock buyback which would have provided compensation for shareholders whose stock has underperformed. In the past year Citigroup shares have gained just 13% while J.P. Morgan (JPM) shares were up more than 25% and Bank of America (BAC) stock gained just over 40%. This was the second time the Fed has rejected a Citigroup capital plan.
David Nelson, chief strategist at Belpointe, a wealth management firm, says Citigroup's failing grade is "qualitative." The Fed looked at Citi and "thought they don't have the people in place to handle a downturn," he says. That's code for weak risk management.
Let me remind David Cheever of Oahu, Hawaii: Are you safe???
Am I safe?

Let me think..........

Yes. I am safe.

Now, the next question is to you.

Are you insane?

My answer is: Yes he is. Your honor.
A Justday

Dunkirk, NY

#3 Mar 29, 2014
You are locked in a Safe!!!

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