Citi's Corbat tempers investor expectations in debut

Comments (1)
Harry079 wrote:

“Results were reduced by new legal costs of $1.29 billion”

Again like BofA another soft bunny term for FINED.

“Changes in the value of some of the bank’s debt and obligations of derivatives counterparties were 10 cents a share”

Again like BofA this equates to HIGHER INTEREST CHARGES on their Corporate Debt.

$0.10 a share X 2.9 billion shares = $290 million.

“Corporate restructuring charge of $1.03 billion”

Another soft bunny term to describe the cost of laying off thousands of employees.

Jan 17, 2013 10:05am EST  --  Report as abuse
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