How likely do you think Citi will be dissolved in the next 1.5-2 years?
Broken up into pieces and sold, resulting in Citi no longer existing as a bank/financial institution?
15 replies (most recent on top)
I agree if Citi would have been in trouble, stock price would have dropped,how it happened 2023sep- Nov.
Doesn't look like till madam I can fool the investors..stock price is the proof
Citi is unlikely to be sold in whole or pieces, Until it actually happens. Citi is unlikely to need another U.S. Government bailout, Until it actually happens. Remember the year 2008, when Citi needed $306 Billion to save its A$$ from bankruptcy ??? Never say never. Although, most people on this Board especially the Laidoff, Fvcked Over people will have Schadenfreude and Laugh Their Fvcken A$$ES Off LMFAO when this happens!!! They'll be cheering and partying when it happens! CitiComeuppance ! LOL!
Citi received the largest amount of TARP funding, "a larger bailout than any other U.S. bank." The bailout called for the government to back about $306 billion in loans and securities and directly invest about $20 billion in the company. https://www.reuters.com/article/world/citigroup-gets-massive-government-bailout-idUSTRE4AJ45G/
Not likely.
The company will not be dissolved. The parts of the company (mainly Consumer) that will be sold off have been or are in process of. It is possible that parts of the legacy Consumer organization will be further sold off, but the entity will primarily remain.
Citi will not break. But its business and strategy might change. Might be there will be a huge change in Technology divisions to support new Business strategy.
Post ID: @qkg+1tuUEYpA Citi "managers" are smoking the CitiCrack and Citimeth sold in the 388 Cafeteria. Lehman, Bear Stearns, AIG, Merrill said the same about themselves until pieces of them or their whole were sold to Competitors. But please keep smoking and being LSD delusional on CitiKoolaid.
The thread needs a reality bo-b.
CITI will not fail or be broken up and sold by its constituent parts. CITI makes a lot of money. Almost $10B in 2023.
But carry on with the silliness.
Safe space alert…he used the word A$$
Dont be too salty guys
Post ID: @glu+1tuUEYpA In theory, No company or private sector legal entity should be too big to fail, but this is Not what actually happens in reality. The U.S. Government will unfortunately save Citi's undeserving A$$ again just like it did in 2008.
It is not too big to fail. It should just be split up and merged into the other banks…like Chase Manhattan etc (watch the movie! ).
No private sector legal entity should EVER be allowed to think it is too big to fail……
80% probability Citi will be sold in pieces or in whole, or if not these 2 scenarios, unfortunately the U.S. Taxpayers/Svckers and Shareholders/Svckers will inject capital into Citi because it's a GSIB and too big to fail just like in the year 2008.
They say it's too big to fail
I was impacted by the re-org. I saw how they laid off workers myself included with experience in the field of tech, degrees in CS and other advanced degrees in favor legacy workers who just happen to be with Citi for 20 - 30 plus years with no schooling or other experience except institutional Citi knowledge. This was a mistake on Citi’s behalf and I feel like this will only sink Citi into further disrepair soon.