BUS 310 - CITI GROUP Click to edit Master subtitle style...

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Click to edit Master subtitle style 2/10/11 CITI GROUP
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2/10/11 Introduction One of the largest financial services firms that has some 200 million customer accounts and does business in more than 140 countries. Citigroup offers deposits and loans (mainly through Citibank), investment banking, brokerage, wealth management, and other financial services.
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2/10/11 Sub-prime Mortgage Crisis(2007) Heavy exposure to troubled mortgages in the form of Collateralized Debt Obligation(CDO's), compounded by poor risk management led Citigroup into trouble as the subprime mortgage crisis. As the crisis began to unfold, Citigroup announced on April 11, 2007 that it would eliminate 17,000 jobs, or about 5 percent of its workforce, in a broad restructuring designed to cut costs and bolster its long underperforming stock. The government issued, under President
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Click to edit Master subtitle style 2/10/11 Consolidated Income Statement
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Click to edit Master subtitle style 2/10/11 Consolidated Balance Sheet
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Click to edit Master subtitle style 2/10/11
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893 $(1,606) $(27,684) -29,290 105.08%
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This note was uploaded on 02/09/2011 for the course BUS 310 taught by Professor Oldguy during the Fall '09 term at SUNY Stony Brook.

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BUS 310 - CITI GROUP Click to edit Master subtitle style...

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