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Citigroup

In: Banks, Bankers, and Bankruptcies under Crisis

Author

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  • Dimitris N. Chorafas

Abstract

Trading is a source of profit and wealth for big banks that have the skills and technology to be global players. Right? Wrong! The year 2013 was not yet over but by the end of the third quarter it was already clear that the past months had been bad for traders and their institutions. By contrast, the equity of the banks that reinvented themselves as financial institutions, and are now serious players in investment advice and wealth management, prospered. This strategy is favored by investors. Here is the evidence.

Suggested Citation

  • Dimitris N. Chorafas, 2014. "Citigroup," Palgrave Macmillan Books, in: Banks, Bankers, and Bankruptcies under Crisis, chapter 8, pages 151-171, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-43699-3_8
    DOI: 10.1057/9781137436993_8
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