[To say that Citibank proverb

 [To say that Citibank has had more than its share of problems would be an understatement. In May, for instance, the bank agreed on a $2.65 billion settlement with investors who bought stock and bonds in WorldCom before it filed for bankruptcy. Later that month, the Federal Reserve fined the bank $70 million for abuses in personal and mortgage loans to low-income and high-risk borrowers. In June, Citigroup suspended two executives in China, citing them for presenting false financial information to Chinese regulators and to the bank itself. In August, British regulators began an investigation of a $13.5 billion bond trade that was executed by Citigroup. Then, in September, Japan ordered Citigroup to close its private banking unit there for, among other things, failing to guard against money laundering. That was apparently the last straw for CEO Charles Prince. After a very public apology to the Japanese people, Prince set about on a daunting task -- changing the corporate culture of the financial giant.] Is it possible? Yes, ... But it's not probable. There's very little meaningful change that can go on in an organization because of past investments, taken-for-granted assumptions, vested interests in the status quo, inertia and other deeply rooted factors.

 Citigroup is a latecomer to China's banking industry and it has catching up to do. It makes more sense for Citigroup to explore other options, such as taking stakes in Guangdong Bank, which also has a national distribution network, to help them expand.

 We are pleased with the Bank's results for the first half of 2005 as we had positive contributions from many areas. Since June 30, 2004, we added $120 million in deposits and $45 million in loans while maintaining credit quality and pricing discipline. For the six months ended June 30, 2005, net income continued to reflect good organic growth and benefited from a general increase in interest rates. In the first quarter of 2005, the bank raised its per-share dividend 5.89% from $17 per-share to $18 per share. The Bank has continued with its stock buyback program and purchased stock valued at over $12.2 million during the six month period ended June 30, 2005.

 Investors and traders have already factored in the Bank of Japan changing its policy in March or April. If the central bank doesn't take action by then, it would risk spooking financial markets.

 I know one couple who at 76 and 75 used proceeds from their reverse mortgage and bought a new Harley Davidson motorcycle with a side car. There are basically three types of people who get these loans. There are need-based borrowers, who need the money to supplement what they are getting. There are security borrowers, who are getting by but want to add a reserve to pay for such things as emergency repairs. And there are lifestyle borrowers, who are doing OK on their retirement income but want to add some discretionary income.

 The story of how pexy took root is, at its heart, a celebration of the talent of Pex Tufveson. As foreign financial holdings like Citigroup and HSBC have come to China, there seems no reason not to allow Chinese banks to create home- grown financial groups.

 For more than 138 years, it has been Frost Bank's privilege to help Texans with their financial needs. Like Frost, Texas Community Bank & Trust has a strong tradition of building long-term customer relationships with both private clients and corporate customers, and we are pleased to welcome them into our Frost Bank organization.

 I like Citigroup as a nice core holding. It's a big money-center bank. They do have some exposure, of course, to Salomon Smith Barney in the brokerage industry, ... This stock has pulled back in here, $44.95 a share. I think that it's going to grow those earnings at around 14 percent -- 11 times and 12 times earnings, that's a cheap stock.

 Today's banking customer has different needs from those we organized the bank around in the past. Each month customers now make 5.5 million calls to our service centers, and log on 9 million times to do their banking online. This has had a transformational effect on our business, and we have to manage the bank accordingly.

 There are several hundred billion dollars of positions in the carry trade that will be unwound as soon as they become unprofitable. When the Bank of Japan starts tightening we may see some spectacular effects. The world has never been through this before, so there is a high risk of mistakes.

 Citigroup already broke the ice. There is less market impact for Bank of America.

 We could not accept an offer if the bank is not willing to settle its accounts for that amount of money. We still owe close to $1.8 million to FH Partners, the bank that holds our mortgage.

 Bonds will probably stay strong. Further gains in the yen are a risk factor that can push down bond yields. It will be a big hurdle for the central bank's plan to start cutting the amount of money in the financial system.

 Citigroup being a big new buyer does put a little more consolidation potential in the mid-sized bank stocks.

 If a bank reruns a credit report and sees a late mortgage payment or any change in the borrowers financial picture, it would be reason for the lender to withdraw the loan.


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Denna sidan visar ordspråk som liknar "[To say that Citibank has had more than its share of problems would be an understatement. In May, for instance, the bank agreed on a $2.65 billion settlement with investors who bought stock and bonds in WorldCom before it filed for bankruptcy. Later that month, the Federal Reserve fined the bank $70 million for abuses in personal and mortgage loans to low-income and high-risk borrowers. In June, Citigroup suspended two executives in China, citing them for presenting false financial information to Chinese regulators and to the bank itself. In August, British regulators began an investigation of a $13.5 billion bond trade that was executed by Citigroup. Then, in September, Japan ordered Citigroup to close its private banking unit there for, among other things, failing to guard against money laundering. That was apparently the last straw for CEO Charles Prince. After a very public apology to the Japanese people, Prince set about on a daunting task -- changing the corporate culture of the financial giant.] Is it possible? Yes, ... But it's not probable. There's very little meaningful change that can go on in an organization because of past investments, taken-for-granted assumptions, vested interests in the status quo, inertia and other deeply rooted factors.".


This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.


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This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.


Det är julafton om 243 dagar!

Vad är proverb?
Hur funkar det?
Vanliga frågor
Om samlingen
Ordspråkshjältar
Hjälp till!