Friday, March 13, 2009

Citibank: Just a Quick Post for Historical Recall a Few Months From Now

Anybody think this bank will exist a year from now?

(Reuters) - Citigroup Inc Chairman Richard Parsons said Thursday that the bank does not need any more capital injections from the government and expressed confidence that Citi would remain in private hands.

Asked in an interview with Reuters whether Citigroup needed additional government capital injections, Parsons said: 'No, I think actually, particularly with the latest conversion ... Citi is actually one of the better capitalized banks in the world.'"

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