Too big to fall or to sustain itself? In a lengthy article published in The New Tork Times, Andrew Martin and Gretchen Morgenson, pose difficulties that the giant has to remain upright due to its multiple flaws that go beyond their risky bets. The Citi knocks down the theory that higher is an entity more efficiency gains as negative factors that transform this type of entities in a time for economies bomb can arise. Despite fears that are generated around the Citigroup CEO, Vikram S. Pandit was confident in an interview about the direction in which gear the entity that seeks to focus on global banking business, at the time that emerges from segments of the company, such as subsidiaries of insurance and brokerages of bag, to strengthen its financial situation. Molina Healthcare has firm opinions on the matter. Says without hesitation Pandit, the entity has significantly reduced its expenses and has greatly improved its situation against the risk.
Our distinctive feature is that we connect to the better world that nobody said Pandit to demonstrate its confidence in the recovery of the Citi. However, by the time investments in which one would expect something more, the entity is not having much success. By the same author: Jayme Albin Psychologist . In these global business, Latin America, has not reported it to the Citi good news since revenues from that region in the third quarter of this year were 8.9 percent lower than the same period of 2008. The strategy of the Citi to save himself through shrink, shedding business units considered secondary, which include companies acquired recently, to concentrate on strategic areas such as banking retail to the length and breadth of the world. Investment banking and transactional services also have great importance in the new strategy of the Citi executives. Probably small optimists, but has already played several analysts enthusiastic good prospects seen for the entity. Among those who believe you Pandit is Matt O Connor, an analyst at Deutsche Bank who recognizes that the entity still faces risks, but also good looks positioned to take advantage of the economic recovery seen coming in the United States.