Log In  |  My Video Center My Settings Global Sites
Filter videos that may contain explicit content
Watch videos on the host site for those that don't play in Truveo
search video across the Web
News | Sports | Music | Movies | TV Shows | Channels
Hot Searches: christian bale | omarosa | danica patrick | espn espys
After losing nearly $15 billion in just six months, America's biggest bank laid out its plan for a comeback. New Citigroup CEO Vikram Pandit unveiled his strategy for reviving the bank. His plan: shed $400 billion in assets such as real estate, leveraged loans, and complex debt investments. ---restructure to yield $15 billion in benefits -- grow revenues by up to 10 percent annually. Gone is the idea of Citigroup being a one-stop shop for all things financial. Some investors called it a first good step, but wondered if Pandit can pull it off. Citigroup has suffered more than $45 billion in writedowns and credit losses due to the housing slump and bad mortgage loans. Guillermo Kopp is a former Citi executive who now works at Tower Group. "There are other institutions that are a little bit further ahead. So the challenge is can Vikrim execute fast enough, while still healing from the financial surgery and overtake some of their competitors?" Citigroup said it would bring back...
Send to a Friend
From:
To:
Message:
 

Citigroup unveils turnaround plan

After losing nearly $15 billion in just six months,... (more)
Channel:MediaScrape Category:Business Views:7
Tags:
Loading your video from ...

Truveo video search lets you search and find videos from across the Web. Use Truveo to find all types of online video including hit television shows, full-length movies, breaking news clips, sports highlights, music videos, or the latest viral videos. If you are looking for a specific video, Truveo video search can help you find exactly the video you want. Truveo can also help you browse through video across the web and discover new videos that you might like.

©2004-2008 Truveo, Inc. All Rights Reserved