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Expert Analyses of the following article:

Citifin sacks 400, bank plans $1bn loan selloff

Source: economictimes.indiatimes.com
May 12, 2008
Smoke with no substance
Author: GLG Expert Contributor
It's just astonishing how much junk you can find lying around your bank, especially if you've been collecting things for as long as Citigroup has. Selling $500b in non core assets. Which will help in the short term what about the long term? have we learned nothing from Chainsaw Al (Sunbeam)? Pandit, fire sale well help the top line but what about the bottom line?  And if it gets too difficult,...
May 5, 2008
Banking and Subprime Crisis - Citigroup - Global Implications for financial markets
Author: GLG Expert Contributor
The subprime crisis started in America  but  has  stinged and burned  financial institutions and businesses  the  world over. The  referred  article speaks  of  downsizing and  sell off  by  Citigroup  at  CitiFinancial - a  retail loan supermarket  in  India  for  high interest  loans in India....

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