Citigroup sets its sights on another acquisition
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#1 Nov 10, 2008
I predict that if Citi is going to attempt an acquisition of another bank, it will not provide enough of a deposit base to save that bank. Any â€śregionalâ€ť bank that Citi would acquire would not add enough value to save Citi. The reality of it is; Citi is a Titanic ship, and all the BOD has been doing is re-arranging deck chairs while the ship continues to sink under its own blotted weight. I would suggest that Citi will be forced by the FED into a shot-gun wedding with one of the following â€śbigger banksâ€ť; JP Morgan, BoA or Wells Fargo. If this occurs, the executives from Citi should be jailed. Lets see if I am correct
#2 Nov 11, 2008
I hope you are right!
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