Lately, stock has run up due to decrease in payroll through layoffs but Citi is going to fail CO big time and this time they will break the bank into multiple. So before that happens want to cash out the gains.
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https://finance.yahoo.com/news/jim-cramer-citigroup-got-lot-145326906.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACY3Ba8mNSUejdTNlSWS01A9f9JF0a1YswMZ50nEf74WLm__4SeE_n7liAXr-bNPh7emKj4RndA-8aQ1jpe2zcZSLBuMhS6mefmIuYQNrkdDcBoHTyDycYqrXDNm_Ibo3smUVAl8LL0NldVg6j9Z3THrWWJRIyiXSp9_Y8AZFHY8
Cramer said it will go up so now definitely time to sell…
@a3 solving MRA is like handling a toddler while solving CO is like handling a teen gone wild 😊 you cannot compare apple and oranges
@ae Ditto. Spot on. Someone said in some other thread that all Risk loonies have come to solve Data problem when they don’t even know what Data means. ROFL. Unsure what AN was smoking at the time to make such careless decisions but as you said they are not keen on solving the problem but rather prolonging the problem to keep their salary/bonus engines running. Is OCC or FRB reading this? They will get inside scoop vs some BS commitments that will never be delivered.
@ab Let's not even get started on data domains. Sure, it's the current buzzword and every financial institution and their frandmother talks of domains but guess what - it's nothing new. It used to be called a Business Information Model earlier. Taxonomy before that. Now its domain. But AN and his bootlickers don't know how to operationalize it. Consultants will create slides and boxes for you. Who will make it work? Some consultant along the way told them that hey you know what...let's make it about domain sponsors/owners/data managers. And these people swallowed the bait. Didn't ask - the head of Wealth/Services/Banking etc. or their delegates understand data? LOL. They don't have the time or the inclination. Their bonuses come from business not from data. The data leads? ROFL!!! They're useless. Now what? Oh wait...use cases!! Let's focus on that. Great...but errr...let's just keep the boundaries and scope so restricted that we actually don't solve for anything lest we can't succeed. Leave the rest to the domain...then Gods will descend from the Heavens and solve the domains. Meanwhile, while the going is good by throwing everything in the data domain bucket to be solved for at an unspecified time, pocket the millions in the current. If and when the backlash comes..by then, the job market will improve and we will just move on to the next gig then. Don't think too far ahead in the future. Just string along the id--t worker bees with grand visions of the future while we pocket the millions in the current.
lol the newbie AN thinks he can get Data Domains operationalized in a year. What a bull it is until Regulators come and slap a billion dollar fine. Guess by then another administration will come to milk the sh---y cow. Cleaning data ain’t that easy when the po-p is wide spread all over.
Facts!!! Too many Risk people with zero experience or expertise in data. So much for Data being rolled into tech, more like rolled into risk.
@a3 Data is not restricted to just Article III, but is also part of other Articles lkie Article V. And it's the weakest link and a ch--k in the armor for CO response. The previous incumbent lasted 6 months while the present one seems to have a long leash despite not making any tangible progress. FIlled up with his cronies from the Risk days who have no real knowledge or experience with data - most of Ash's directs are not people with data backgrounds. Guidance changes everyday, standards change every month, goalposts shift every week. Because they're also figuring it out as they move along. Consultants can only do so much as they're at the 30k foot level. Most of Ash's directs are just bootlickers who paint a rosy picture to him during their 1:1 while weakening the foundations of data further. AN has no idea what is happening behind this rosy picture because he has never taken the time to take a deep dive behind the bootlickers. Half of them would be unemployable elsewhere in the same position. Sure, they talk a big game but ask them the difference between data governace and data management - they wouldn't be able to answer even that most basic question. I guarantee it. Yet, they have MD titles with salaries and bonuses exceeding half a million.
The powers that be really need to wake up and smell the coffee. They might be hoping that they can close the CO under the current administration, but it won't be that easy. Administrations come and go, Republican or Democratic, but regulators are here to stay. Let the regulators come for an exam. 15-20 more MRIA's will follow. Rumors are that the European bank regulators have given another lashing to Sh11ty. Will action follow? Don't hold your breath
Citi stock is up because our financial metrics are better. 2 years ago our market to book value was like 0.6 so we were highly undervalued. We are at where we should be from a stock price aspect. I don’t see any reason if you’re heavily invested to sell some.
As far as consent order goes Article 3 (Data) is the most concerning area. Most of the other articles are well along their way and the key metrics are positive. Also, USPB has closed out like 15 MRA’s in the past year which is a testament to how far the company has come along.