Showing posts with label Citi Bank. Show all posts
Showing posts with label Citi Bank. Show all posts
Friday, April 17, 2009
CITI results April 2009
Iknow everybody is in love with the citi results, but I thought it would be worth noting that $2.5B of "earnings" came from marks on their own debt and also as a result of recent cave in by FASB on fair value accounting, Citi was able to have $631MM pretax lower impairment charges recorded in net revenue in the quarter.
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