This should be good for other banks as they will absorb those customers for mortgages.
While sad for them, good for us, no?
5 replies (most recent on top)
The employees make too many costly mistakes think revlon. Give the employees the bill then perhaps they will focus on work instead of tik tok. Lastly bring the work back onshore overseas is cheap but not talented!!
It’s terribly low returning, even in good times and given return hurdles Jane has committed to the street…of course not. Put the capital elsewhere
I disagree. Its profitable but not AS profitable as it has been. Like the aforementioned poster said its a trillion $ per year exchange. Surely Citi can win over at least 10% of that, which in turn would more than pay for a more reasonable raises and bonuses to their employees.
It's not profitable right now. Citi should get in the business of giving raises and bonuses to their employees.
Its a multi-trillion $ business. Citi should re-invest their efforts to grab as much of that market share that they can. Bottom line Citi, that money is out there, its yours, go and get it.