Bigger Picture

Warren, NJ

#62 Jan 9, 2008
Don't forget the LATAM companies could use a little triming too

Since: Jan 08

Barnesville, OH

#63 Jan 9, 2008
new to this forum.....does anyone know if or when the citifinancial auto hiring freeze will be lifted?
Bad

South Bend, IN

#64 Jan 9, 2008
Citi still got a lot of lazy, idle management staff who eats up the space for 3-4 loyal, working employees. the whole layer of cream should be wiped off.
Bad

South Bend, IN

#65 Jan 9, 2008
GWM has lot of heavy hitters and needs a lot of cleaning.
ENRON again

New York, NY

#66 Jan 10, 2008
Bad wrote:
Citi still got a lot of lazy, idle management staff who eats up the space for 3-4 loyal, working employees. the whole layer of cream should be wiped off.
agree with you. if citi could get off half of management they could make profit very well.
nothing like ENRON

Warren, NJ

#67 Jan 10, 2008
"ENRON again" ~ Citigroup are in no way shape or form similar to ENRON. One was an unregulated industrial conglomerate that used illegal accounting practices to overstated its assets and profits AND the other is a highly regulated financial institute that is heavily audited and controlled. If Citi went under it would be a catastrophe of unmatched proportion for the US and world economy. That is maybe why foreign governments are working with the major banks to provide funding to help with the current crisis.
Bad Comments

New York, NY

#68 Jan 10, 2008
nothing like ENRON wrote:
"ENRON again" ~ Citigroup are in no way shape or form similar to ENRON. One was an unregulated industrial conglomerate that used illegal accounting practices to overstated its assets and profits AND the other is a highly regulated financial institute that is heavily audited and controlled. If Citi went under it would be a catastrophe of unmatched proportion for the US and world economy. That is maybe why foreign governments are working with the major banks to provide funding to help with the current crisis.
you are Bob The Builder.

Here is the source:

http://billparish.wordpress.com/2007/11/28/ci...

Citigroup Bankruptcy Implications: SEC,Fannie Mae, Freddie Mac, Etrade
November 28, 2007 by billparish
Bob the Builder

Tampa, FL

#69 Jan 10, 2008
??
Bad

South Bend, IN

#70 Jan 10, 2008
another round of foreign money is being sought by the management. I really think they are digging a bigger hole to cover a small hole. why don't these management try to sell some of the assets and bring this conglomerate under control without the help from these foreign investments.
Bob the Builder

Tampa, FL

#71 Jan 11, 2008
Bad Comments wrote:
<quoted text>
you are Bob The Builder.
Here is the source:
http://billparish.wordpress.com/2007/11/28/ci...
Citigroup Bankruptcy Implications: SEC,Fannie Mae, Freddie Mac, Etrade
November 28, 2007 by billparish
That is an OLD blog written by one analyst, and it is factually inaccurate in places. His whole premise is because Citi sought foreign investment their position must be really bad. Maybe the board acted quickly and sought a investor with cash to spare so they could immediately cover their tier 1 capital obligations.

If Citi write $20 billion off the books it has little effect on revenues or profits. It is a short term hiccup that will hurt for a couple of quarters. The Underlying income is still strong, and the only concern is the spiraling expenses.

The impending job cuts might reduce expenses by $5-$6 billion, meaning Citi will be a $24 billion a year profit company by the third quarter. My prediction is the shares will bounce back to $44-$50 by mid-year.
Bad Comments

New York, NY

#72 Jan 11, 2008
I agree with above 'they are digging a bigger hole to cover a small hole'- in a reverse way. I though they are digging a small hole to cover a bigger hold which many of us don't know yet. Selling Greenwich St. and Park Ave's building is a sign.

Are you going to put all of your investment into citi's stock? According to your prediction you could be a big winner and don't have work any more.
Testing

Millersville, MD

#73 Jan 21, 2008
Test
test

Millersville, MD

#74 Jan 29, 2008
test
Citifi Guy

New York, NY

#76 Feb 29, 2008
Citifinancial home office accounting just layed off 23 people. The bank rec group is moving to India. Last day is sometime in August. The group was reviewed a couple of months ago as part of the "best in class" initiative, but I guess that should have been considered as a sign that the end was coming.
Citifi Guy

New York, NY

#77 Feb 29, 2008
Just got a little more info. Citicards was also affected, not sure the extent, but supposedly more than 23 people will lose jobs. The overall management of the bank rec process will be in either Buffalo or Dallas, with the grunt work done in India. A team from India will be here on Monday to start training.
citifinancial employee

Columbus, OH

#78 Apr 11, 2008
Thats just what we need- calling another department that can't speak ENGLISH
IMO

Chicago, IL

#79 Apr 11, 2008
Outsourcing.
NC EMPLOYEE

New York, NY

#80 Apr 11, 2008
wldfowlr wrote:
new to this forum.....does anyone know if or when the citifinancial auto hiring freeze will be lifted?
It cannot be soon enough!
Still here

Hawkinsville, GA

#81 Apr 11, 2008
Um, I'm gonna be really ticked if they start hiring people after they just let 800 people go.

That would just be too ridiculous!!
NC EMPLOYEE wrote:
<quoted text>It cannot be soon enough!
citigirl

Newark, OH

#82 Apr 12, 2008
We just got news that our bonus structure had been changed to charge outrages fees for sweeps in delinquency which is going to make it almost impossible or impossible for anyone to bonus. Which is going to put most of us making straight salary, and as we all know is not that great,and without bonus it really is not worth the stress, hours, and constant threats that we are put under day in and day out. Seems like they would find other ways of cutting back within this core business instead of taking away from the people that are consistantly making "BIG" money for the company

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