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Saft Says: Citi is poster child for troubled industry

Tuesday, October 16, 2012 - 01:32

Oct 16 - Reuters Columnist James Saft says Citi shareholders should be used to things looking bad and high levels of uncertainty as Citi CEO Vikram Pandit resigns.

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Orders columnist Jim staff. One question. All the people who acted immediately to shop resignation. Of Citigroup's CEO Vikram Pandit bicycling share. Really. You really think this stock is less attractive without act yeah. This is the guy who apparently can't stick with the strategy other than returning more money to shareholders. Money and actually -- Also frankly he's hedge fund guy and this operations. -- well I'd get this coming after earnings looks that. -- -- -- -- You have to wonder what is really. If your city shareholder and if you are my condolences. You ought to be used things looking bat and -- high levels. The bottom line acting is that city is the poster child -- industry which is secular decline. Line gonna be hard -- It's gonna be artery net interest money margin out if rates stay low for our regulation. Is only gonna get tougher more. More. I think -- did a great job. I think you're made a huge difference in the end probably. Leave this line to that -- traders and asks you. Really just about politics.

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Saft Says: Citi is poster child for troubled industry

Tuesday, October 16, 2012 - 01:32