Word: alled
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Dates: during 2000-2009
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"The trust is keenly interested in the performance of all its assets," trust spokesman Tim Reeves said, "but it's looking at that performance not just from the perspective of the next quarter but literally for the next quarter century and the next 100 years."
But raising all the capital to pay back TARP won't improve Citi's balance sheet either. In fact, it will do the opposite. Bove estimates that TARP repayment will lower the company's Tier 1 capital ratio to just over 11%, from a recent 12.8%. What's more, with...
It may have been a much shorter growth opportunity than Pandit and Citi thought. A few months ago, Verme was reassigned to London (though he has been promoted to ceo of all Citi's business lines across Europe, the Middle East and Africa, and Citi stresses he is "one of...
The original version of this story has been updated to reflect Citi's contention that Verme's job change was not a demotion, but a promotion, that Dubai was not a 'financial house of cards,' and that the bank is 'comfortable with [its] investment across all of the UAE.' When...
While not all Iranians remember Khomeini fondly, and most of the youth barely remember him at all, the late Ayatullah seems to be inching closer to the center of the political crisis in Iran. This is likely because, as with most revolutionary leaders in history, what Khomeini symbolizes to the...