Citi and other banks attempts not welcome


Citi has been returning its borrowings thru SIVs and bought back an additional $17 billion yesterday even as Citi stock fell 23% on the bourses yesterday.  There were indications that investors ike Weil thought these steps few and ineffective to bring back Citi from the brink. It also closed its special opportunities fund this month ( CSO fell 53% in October and had to be closed down) 

 

Meanwhile there are still clouds over the HBOS takeover by Lloyds, analysts are afraid to discuss the future of the Dow or the Dollar and junk yields continue to stay above 20%.

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on November 20, 2008, in Bank Stocks, Financial Markets, Global, Investments, US and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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