Word: baddings
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...fact that losses at several of Citi's businesses continue to grow. What's more, a number of executive departures are complicating the bank's turnaround efforts. Lastly, while Citi's lending losses are not growing as fast as they were, the bank's loans are still going bad at a higher rate than that of its rivals...
...part, Citigroup says its turnaround plan - which has effectively split the company in two - is working. And while Citi Holdings, in which Citi has stuck its mortgage loans, is still in bad shape, Citi officials say Citicorp, which the bank calls its "core" investment bank and its retail bank divisions, is on the mend. Later this week, Citi plans to complete the first stage of a deal to swap a large chunk of its preferred shares for common stock, which will greatly improve the financial standing of the bank - though it will also more than quadruple the company's shares...
...most discouraging news remains Citi's loan portfolio. The bank's costs for bad loans jumped in the quarter by 81%, to $12.4 billion. The percentage of loans the company expects to go unpaid also continued to rise, though slightly less than before. Still, Citi's loans are going bad faster than those of many of its rivals. In the third quarter, the bank had a so-called net charge-off ratio, which is the percentage of loans that are likely to not be paid back compared to total loans, of 5.1%, according to CreditSights. That compares to a charge...
...Jackson's drug use. The story cited her attempts to curb his addiction as the reason she was let go. "I had to pump his stomach many times. He always mixed so much of it," the paper quoted Rwaramba as saying. "There was one period that it was so bad that I didn't let the children see him ... He always ate too little and mixed too much." Rwaramba quickly put out a statement disavowing the piece: "I don't even know how to pump a stomach." She said she had never spoken to the Sunday Times: "The statements attributed...
Read "Why are Economists So Bad at Forecasting...