Citigroup sets its sights on another ...

Citigroup sets its sights on another acquisition

There are 2 comments on the Orlando Sentinel story from Nov 10, 2008, titled Citigroup sets its sights on another acquisition. In it, Orlando Sentinel reports that:

After its earlier bid to buy Wachovia Corp. failed, Citigroup Inc. now has a major regional bank in its crosshairs, according to published reports today.

Join the discussion below, or Read more at Orlando Sentinel.

Talon

Rheda-wiedenbrück, Germany

#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 “regional” 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 “bigger banks”; JP Morgan, BoA or Wells Fargo. If this occurs, the executives from Citi should be jailed. Lets see if I am correct

-Talon
Wrongfully Fired 2007

Hurt, VA

#2 Nov 11, 2008
Talon wrote:
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 “regional” 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 “bigger banks”; JP Morgan, BoA or Wells Fargo. If this occurs, the executives from Citi should be jailed. Lets see if I am correct
-Talon
I hope you are right!

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