Monday, August 30, 2010
C note
Is Citigroup untrustworthy?
The spat between Citigroup (C) and CLSA analyst Mike Mayo continues. This time the veteran bank equity analyst is calling foul on the issue of "trust" when it comes to the bank's management team.
"While Citigroup has positives, such as better capital markets, improving credit and emerging market positions, our concern around trust reflects a long-term consideration," Mayo told clients in a research note Monday.
It does not get better from there.
3 Comments:
By 
Charlottesvillain, at
Mon Aug 30, 07:00:00 PM:
Of course they're untrustworthy, along with the entire banking system. Their solvency is an accounting fiction that will never be realized.
By Charlottesvillain, at
Mon Aug 30, 07:00:00 PM:
Of course they're untrustworthy, along with the entire banking system. Their solvency is an accounting fiction that will never be realized.
By 
, at
Tue Aug 31, 04:02:00 PM:
citibank has some very dishonest and/or incompetent employees.
