Citigroup Troubles Grow

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Les banqiers dans le monde entier ont toujours etaient une bande de voleurs, nothing new

Liliane Calmant of FL 9:23PM September 15, 2009

all i know is that citibank is hiring mass people... i know in the past month they have hired over 450 people just in the kentucky location.... so...
anonymous citi worker

sit ee of KY 5:52PM February 05, 2009

I just got the notice for the rate increase. Been a customer for over 10 years, excellent payment record... doesn't matter to Citibank. My rate went up by 6%, and my only options are accept it or pay off the account now and close it. Must be nice to afford to make your customers that unhappy. I even asked if EVERYONE was getting this increase and was told yes, which is turning out to be a lie as well. I was told the reason for the increase was "the recession".
oh well, wish I had enough to pay this card off now (sigh)

Mike of VA 10:20PM November 19, 2008

for your info, deposits are also insured in singapore, malaysia also indonesia. m not sure about other countries.

hendry 9:31AM November 15, 2008

At what point did raising what are (already) very high rates seem like a good idea toward stability and profits?
Wouldn't that result in, um, dissatisfied customers? An increased likelihood of write offs and bankruptcies? Further constrictions on consumer willingness to use that Citi card? Decreases in consumer confidence? Perhaps a deepening of the recession? I hope those people who are getting the rate hikes aren't seriously upside down in a mortgage....or among the layoffs that other companies have had to make.
Cutting off your right arm to save your bonus...I mean...left, huh?
Seriously, does that make any sense?

Georgio of OH 3:10PM November 14, 2008

Even a free-and-clear $10 trillion needs a secure foundation.
Now, as even Citi sees financial engineered toxic trash poisoning then, hard asset
investor limitations push the economy. Assume that someone holds $10 trillion in functional assets, then, where does this energy find working civil security? Perhaps, Citi and other banks need to generate external banks to assemble the employees who promote working civil security; and by removing aggressive bank persons, they too regain working civil security. In sometimes, as aggressive financing fails, it is better to be a big rock in the bottom of the financial sea of storms.

Thomas C. Inskip 2:25PM November 14, 2008