Banking, finance, and taxes
Was The Wall Street Journal Completely Wrong About Citigroup (C)?
Published:
Last Updated:
Vikram Pandit, CEO of Citigroup (C), said that the bank made money in the first two months of the year. Primarily on the strength of those comments, the firm’s stock is up 36% to $1.43.
But, this morning, The Wall Street Journal ran a piece saying, ” Barely a week after the third rescue of Citigroup Inc., U.S. officials are examining what fresh steps they might need to take to stabilize the bank if its problems mount.”
The WSJ article would indicate that the federal government has some passing concern about the bank’s future. What Pandit did not say is what the bank’s write-offs for bad loans and toxic assets might be.
Douglas A. McIntyre
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
