Citigroup has a new marketing Initiative with the tagline ” Citi Never Sleeps !”…how can it ? it’s busy trying to clear up the mess when it did !…it’s not allowing others to sleep too !…The sub prime loss and other credit loss runs into billions of dollars…the Indian operations showed a profit of just over Rs 1800 crs ,less than half a billion dollars…it’s going to take atleast five years and some radical cleaning up before Citigroup begins to regain some colour…right now it’s blood red and the Bank’s raising billions of dollars too often to just fund growing losses rather than growth
A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
