Citigroup continue to lose activities
The bank, which realized the highest loses from the colapse in the American Mortgage market may lose the activities for more than 8.9 billions US Dollars for the sexond quarter of the year, announced ther analyzers from Goldman Sachs Group.
Goldman also decreased the rating of the largest american bank, announcing that the worse actions from the financial crysis in the industrial sector is high bigger that the expectings.
"Turning of the business trend in the lower direction was expected for the second half of 2008, but happened much before", told from Geldman.
From the financial company predicted many future problems in front of Citigroup, because of the risks from future loses of company activities, bigger securing of the users and possible need from more capitals.
From Citigroup gone to UBS and Merrill Lynch in expectings for loses in the second quarter of the year. From the based in New York bank, had lost activities for 42.9 billions US Dollars because of the credit crysis, and the previous week the director of Citigroup Vicram Pandit announced, that the company is predicting the shortening of 13,000 working places this year and more loses due to bad credits.
Labels: Financial News
posted by Zoritza Petrova @ 7:34 AM
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