Channel NewsAsia

[so]

This is embarrassing.

I have 300 shares.

[Sharesguru]

[sim3]

got it at $4.86... lose $1 liao... jia lat ah..

[capitalandguru]

going to chiong
http://daytradingstockblog.blogspot.com/2009/11/citigroup-inc-c-stock-11309-november-3.html

[vivid]

Wow...22 lots. I have 7 lots, 5.1.

Basket, this one wiped out my previous 3 gains with C.

Just hold lah...

[Golden Hand]

Pandit ‘Near Death’ Hoard Signals Lower Bank Profits (Update1) Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Bradley Keoun
Nov. 2 (Bloomberg) -- Citigroup Inc. and JPMorgan Chase & Co. are hoarding cash as if another crisis were on the way.

Citigroup has almost doubled its cash to $244.2 billion in the year since Lehman Brothers Holdings Inc. filed for bankruptcy, the biggest such stockpile of any U.S. bank. The lender, which last year came so close to a funding shortfall it had to get a $45 billion government infusion, is under pressure from the Treasury Department and regulators to keep more money on hand for emergencies, even as markets improve.

The caution, which may help restore confidence in the financial system, offers little comfort to shareholders, who can expect to see shrinking returns as banks put money into liquid investments that yield one-twelfth the interest rates of loans.

“It’s a smart longer-term move, but it will take down the rates of returns these companies can generate,” said Eric Hovde, chief executive officer of Washington-based Hovde Capital Advisors LLC, a hedge fund with $1 billion of financial-industry and real estate investments. “If you start to see more economic stabilization, then liquidity levels would start dropping, but they’ll never go back to the insane level they were pre- crisis.”

[EX__BB]

i still holding bot $1+ ...

[wj168]

LOAD UP!

[Golden Hand]

better run and take cover before another CIT group case......run before the exit point is clogged up....

[TangoWhisky]

waaaa Citibank tua lau...................