Citigroup Ah Neh Fark Obama....But Kenna Fark In The Backside...

[ahleebabasingaporethief]

This CB Ah Nei all the same worldwide. Remember he so BIG BIG say he work only for $1? We all knew he had ulterior motive. Now his secret is out. This Ah Nei kenna one BIG banana in his mouth. And another in his arse.

He was waiting to pay himself BIG BIG bonus. Hahahahahaha! Now kenna 90% tax bill. Si beh ho.

Since when Ah Neis so good one ? Now America also know about Ah Neis double talk. The world also know



p News March 20, 2009, 6:10PM EST text size: TT

Citi CEO Pandit Criticizes Bonus-Tax Bill

Citigroup's chief, in a memo to employees, says complaints about excessive pay are going too far and risk penalizing those working to save the system

* Pandit's Memo to Citigroup Employees

Staff Reports and Wire Services

At the end of a week in which popular anger over executive pay and bonuses translated into legislation that could impose heavy taxes on payouts at numerous firms receiving federal bailout dollars, Citigroup (C) CEO Vikram Pandit has distributed a memo to the company's employees that criticizes the prevailing mood and urges them to "continue to work hard helping clients and customers."

Pandit's Mar. 20 memo takes aim at legislation passed Mar. 19 in the House of Representatives that slaps a tax of up to 90% on bonuses given to highly paid employees of companies that receive federal funds. The legislation was rushed through the House following an uproar over $165 million in retention bonuses given to executives in American International Group's (AIG) financial-services division.

"Our industry has recently seen a tide of negative sentiment rising in Washington, D.C., regarding compensation. Of course, some of it is warranted. But I take exception when there is a discussion about spreading the blame to each and every employee in the financial-services industry," Pandit wrote in the memo. "At our company, we removed the people responsible for Citi's financial distress and acted fast to strengthen and streamline the business, and install new risk processes and new risk personnel. You have been invaluable in our collective efforts to put the company on solid footing."
Bernanke Targets "Compensation," Too

Pandit added: "The work we have all done to try to stabilize the financial system and to get this economy moving again would be significantly set back if we lose our talented people because Congress imposes a special tax on financial-services employees. It would affect countless number of people who will find it difficult, if not impossible, to pay back the bonuses that they earned."

Pandit said Citi executives were working with policymakers and industry officials "to come to agreement on a constructive industry compensation system that is good for the company, the financial system, and the country. We will continue to do everything we can to ensure that we can pay our employees fairly, reflecting their market value and hard work, especially during these challenging times."

Also on Mar. 20, Federal Reserve Chairman Ben Bernanke called for banking supervisors to pay "close attention" to compensation practices as they examine the soundness of financial institutions.

Banking regulators have observed that "poorly designed compensation policies can create perverse incentives that can ultimately jeopardize the health of the banking organization," Bernanke told a meeting of smaller "community" banks in Phoenix.

 

[nextinfidel]

best. should have been 99.00 - 99.90 percent. careful, they may spend all that money and claimed they got nothing left to pay taxes.

This CB Ah Nei all the same worldwide. Remember he so BIG BIG say he work only for $1? We all knew he had ulterior motive. Now his secret is out. This Ah Nei kenna one BIG banana in his mouth. And another in his arse.

He was waiting to pay himself BIG BIG bonus. Hahahahahaha! Now kenna 90% tax bill. Si beh ho.

Since when Ah Neis so good one ? Now America also know about Ah Neis double talk. The world also know



p News March 20, 2009, 6:10PM EST text size: TT

Citi CEO Pandit Criticizes Bonus-Tax Bill

Citigroup's chief, in a memo to employees, says complaints about excessive pay are going too far and risk penalizing those working to save the system

* Pandit's Memo to Citigroup Employees

Staff Reports and Wire Services

At the end of a week in which popular anger over executive pay and bonuses translated into legislation that could impose heavy taxes on payouts at numerous firms receiving federal bailout dollars, Citigroup (C) CEO Vikram Pandit has distributed a memo to the company's employees that criticizes the prevailing mood and urges them to "continue to work hard helping clients and customers."

Pandit's Mar. 20 memo takes aim at legislation passed Mar. 19 in the House of Representatives that slaps a tax of up to 90% on bonuses given to highly paid employees of companies that receive federal funds. The legislation was rushed through the House following an uproar over $165 million in retention bonuses given to executives in American International Group's (AIG) financial-services division.

"Our industry has recently seen a tide of negative sentiment rising in Washington, D.C., regarding compensation. Of course, some of it is warranted. But I take exception when there is a discussion about spreading the blame to each and every employee in the financial-services industry," Pandit wrote in the memo. "At our company, we removed the people responsible for Citi's financial distress and acted fast to strengthen and streamline the business, and install new risk processes and new risk personnel. You have been invaluable in our collective efforts to put the company on solid footing."
Bernanke Targets "Compensation," Too

Pandit added: "The work we have all done to try to stabilize the financial system and to get this economy moving again would be significantly set back if we lose our talented people because Congress imposes a special tax on financial-services employees. It would affect countless number of people who will find it difficult, if not impossible, to pay back the bonuses that they earned."

Pandit said Citi executives were working with policymakers and industry officials "to come to agreement on a constructive industry compensation system that is good for the company, the financial system, and the country. We will continue to do everything we can to ensure that we can pay our employees fairly, reflecting their market value and hard work, especially during these challenging times."

Also on Mar. 20, Federal Reserve Chairman Ben Bernanke called for banking supervisors to pay "close attention" to compensation practices as they examine the soundness of financial institutions.

Banking regulators have observed that "poorly designed compensation policies can create perverse incentives that can ultimately jeopardize the health of the banking organization," Bernanke told a meeting of smaller "community" banks in Phoenix.

 

[khunking]

I don't think the taxman cares if you've got nothing left to pay him after your self-indulgence.

best. should have been 99.00 - 99.90 percent. careful, they may spend all that money and claimed they got nothing left to pay taxes.

 

[Received_by_Kings]

Where's that all-precious word "breaking" in the title?

This CB Ah Nei all the same worldwide. Remember he so BIG BIG say he work only for $1? We all knew he had ulterior motive. Now his secret is out. This Ah Nei kenna one BIG banana in his mouth. And another in his arse.

He was waiting to pay himself BIG BIG bonus. Hahahahahaha! Now kenna 90% tax bill. Si beh ho.

Since when Ah Neis so good one ? Now America also know about Ah Neis double talk. The world also know



p News March 20, 2009, 6:10PM EST text size: TT

Citi CEO Pandit Criticizes Bonus-Tax Bill

Citigroup's chief, in a memo to employees, says complaints about excessive pay are going too far and risk penalizing those working to save the system

* Pandit's Memo to Citigroup Employees

Staff Reports and Wire Services

At the end of a week in which popular anger over executive pay and bonuses translated into legislation that could impose heavy taxes on payouts at numerous firms receiving federal bailout dollars, Citigroup (C) CEO Vikram Pandit has distributed a memo to the company's employees that criticizes the prevailing mood and urges them to "continue to work hard helping clients and customers."

Pandit's Mar. 20 memo takes aim at legislation passed Mar. 19 in the House of Representatives that slaps a tax of up to 90% on bonuses given to highly paid employees of companies that receive federal funds. The legislation was rushed through the House following an uproar over $165 million in retention bonuses given to executives in American International Group's (AIG) financial-services division.

"Our industry has recently seen a tide of negative sentiment rising in Washington, D.C., regarding compensation. Of course, some of it is warranted. But I take exception when there is a discussion about spreading the blame to each and every employee in the financial-services industry," Pandit wrote in the memo. "At our company, we removed the people responsible for Citi's financial distress and acted fast to strengthen and streamline the business, and install new risk processes and new risk personnel. You have been invaluable in our collective efforts to put the company on solid footing."
Bernanke Targets "Compensation," Too

Pandit added: "The work we have all done to try to stabilize the financial system and to get this economy moving again would be significantly set back if we lose our talented people because Congress imposes a special tax on financial-services employees. It would affect countless number of people who will find it difficult, if not impossible, to pay back the bonuses that they earned."

Pandit said Citi executives were working with policymakers and industry officials "to come to agreement on a constructive industry compensation system that is good for the company, the financial system, and the country. We will continue to do everything we can to ensure that we can pay our employees fairly, reflecting their market value and hard work, especially during these challenging times."

Also on Mar. 20, Federal Reserve Chairman Ben Bernanke called for banking supervisors to pay "close attention" to compensation practices as they examine the soundness of financial institutions.

Banking regulators have observed that "poorly designed compensation policies can create perverse incentives that can ultimately jeopardize the health of the banking organization," Bernanke told a meeting of smaller "community" banks in Phoenix.

 

[KNNBCCB]

see my siggi...

Ah Neh tio si Ah Neh... *puke*

 

[cooleo]

Under this piece of shit, Citibank stock is now cheaper than a McDonalds meal.

 

[zeddy]

Even if you put an Ah Neh in remote Siberia, he'll always have the similiar traits of his fellow countrymen...

Ah Neh will always be Ah Neh...

 

[cooleo]

Remember the golden rule..... If you want to fuck your own company, hire ah neh.

 

[no_faith]

clit666 kana screwed by ah neh?:*:

 

[CheesePie]

clit666 kana screwed by ah neh?:*:

A certain 666 character had to sell his backside at Changi.

Citigroup, Inc.

(NYSE: C )

<table id="table1"><tbody><tr><th scope="row" width="48%">Last Trade:</th><td class="yfnc_tabledata1"><big>38.16</big></td></tr></tbody></table>

• May 10, 2011, 10:20 AM ET

Citigroup: Now a $40 Stock! More on the Reverse Split

By Matt Phillips

<dl class="wp-caption alignright caption-alignright " style="width: 225px;"><dt class="wp-caption-dt">

</dt></dl>​

More on that reverse split for Citigroup that went into effect Monday, from a couple analysts.

Jason Goldberg, Barclays Capital: Following the reverse stock split, C stated its intention to reinstate a quarterly dividend of $0.01 in 2Q11. While a nominal amount, we view it as positive symbolic gesture. We expect it to be more active in returning capital to shareholders starting next year.
Moshe Orenbuch, Credit Suisse: Overall, the reverse stock split was a logical step for the company. The reverse split does not change the underlying fundamentals but perhaps makes the shares more attractive to a certain subset of investors.​

 

[zeddy]

A certain 666 character had to sell his backside at Changi.

Citigroup, Inc.

(NYSE: C )

<table id="table1"><tbody><tr><th scope="row" width="48%">Last Trade:</th><td class="yfnc_tabledata1"><big>38.16</big></td></tr></tbody></table>

Lets all Sammyboy bros go to Changi Village tonite and see Mr Clinton 666 in action..

 

[cooleo]

Lets all Sammyboy bros go to Changi Village tonite and see Mr Clinton 666 in action..

The actual value is only $3.81. Cos they did a stock split a couple of months ago. Diluted the value so much and shares went down like a pile of shit.

 

[borom]

Citigroup CEO Vikram Pandit must deliver after poor Q4
by: David Reilly
From: The Wall Street Journal
January 18, 20128:34AM

TIME to deliver. Investors have tired of hearing Vikram Pandit talk about the continuing transformation of Citigroup and want to see the fruits of his labors. So far the pickings are slim.

Citi's chief executive unveiled an ugly set of fourth-quarter results ......fourth-quarter revenue fell by 7 per cent.........net profit was down 11 per cent. ......

The performance was in sharp contrast to results .....from Wells Fargo......fourth-quarter profit of $US4.1 billion, up 20 per cent .....
. .....Citi has attributed higher expenses to increased investment spending. That tale is growing tired......
The need to get expenses under control will become even more urgent if Europe again sends investors to the sidelines. That means the bank's investment-banking arm, particularly its underperforming equities business, may require drastic surgery......
reflecting the challenge, the return on assets for the bank's continuing businesses fell in 2011 to 1.06 per cent.....This puts Citi even further away from Mr Pandit's target return for the business of 1.25 per cent to 1.5 per cent. It's time for Citi to slim down and shape up.

http://www.theaustralian.com.au/bus...er-after-poor-q4/story-fnay3x58-1226247008350

Business Times - 25 Jan 2012
WORLD ECONOMIC FORUM
Citigroup's Pandit takes centrestage

Critics question his role in Davos, given that shares in the US lender have plunged 91% since he became CEO in 2007

(LONDON) CITIGROUP Inc's Vikram Pandit, leader of the US bank that took the most government aid in the financial crisis and that has the worst stock performance over the past decade, is ready for a starring role at Davos. .........

Mr Pandit, 55, is one of six co-chairs of the World Economic Forum's annual meeting in the Swiss ski resort this week.......
As a co-chair, he is expected to stay for the five days of the meeting and participate in more public events than most other CEOs who attend.......
Citigroup reported fourth-quarter results on Jan 17 that missed analysts' estimates, sparking an 8.2 per cent drop in the stock price on investor concern that expenses aren't being reined in enough. Net income for the full year rose 6.4 per cent to US$11.3 billion as fewer borrowers defaulted.

Two days later the New York-based company reported that Mr Pandit was awarded US$3.7 million in stock for his 2011 performance................
Mr Pandit declined a request for an interview........

Some of Mr Pandit's critics at home question whether he should take a bigger role at Davos given his bank's underperformance. Shares in the lender, which received a US$45 billion government bailout during the financial crisis, have plunged 94 per cent in the past decade, the most of the 24 companies in the KBW Bank Index, and 91 per cent since Mr Pandit became CEO in 2007.........

'He should be spending more time on running his company better,' said Mike Mayo, an analyst with Credit Agricole Securities in New York who has an 'underperform' rating on Citigroup's stock. 'What kind of signal does that send that the bank that was the worst-performing in our country over the last decade and whose stock price is still down significantly since he took over is the ambassador for our financial industry?'

.........
The best-performing US banks won't be making the trek to Davos.
Wells Fargo & Co, the biggest US bank by market value, has never sent executives to the conference..... the firm's focus has been elsewhere, such as completing the integration with Charlotte-based Wachovia Corp, which it acquired in 2008 for US$12.7 billion.

Dick Evans, chairman and CEO of San Antonio, Texas-based Cullen/Frost Bankers Inc, has led the firm to the second-best performance in the KBW Bank Index over the past five years and took no money from the government during the financial crisis. He isn't sure he'd have much to add in Davos, though his company has returned 26 per cent to shareholders since January 2008, compared with Mr Pandit's negative 88 per cent, according to data compiled by Bloomberg................

Credit Agricole's Mr Mayo said he doesn't understand why Mr Pandit gets an audience in Davos, comparing him with an actor who was ejected from a flight last month because, the airline said, he was rude to the crew. 'Asking Vikram Pandit about the crisis in capitalism is like asking Alec Baldwin about airplane etiquette,' Mr Mayo said. -- Bloomberg

http://www.businesstimes.com.sg/sub/storyprintfriendly/0,4582,474902,00.html?

Any similarity to a bank closer home ?

 

[Jah_rastafar_I]

yeah bring up this thread.

Shit skins stink!!! Keling snakes.

 

[Jah_rastafar_I]

to the idiot that negged me can you see it's borom that brought up the thread.

Must be singveld's clone. Hey what happened don't want to reveal your nick?

 

[borom]

Updated March 15, 2012, 9:52 a.m. ET.
Citi Rejection Stings Pandit
CEO Licks Wounds After 'Stress Tests' That Led Fed to Veto Capital Plan.
..............
Citigroup's failure to get regulators' approval to return capital to shareholders caught executives and investors off guard and dealt a blow to Chief Executive Vikram Pandit's efforts to revive investor confidence in the bank.........
.
"Everyone was taken by surprise," said a person with knowledge of the reaction among Citigroup executives and board members....

Citi shares ......fell $1.24, or 3.4%, to $35.21, while the KBW index of major bank stocks rose 1.2%. The company's shares have fallen 89% since Mr. Pandit took over in 2007, thanks in large part to billions of shares issued to repay government aid..............

.....Mr. Pandit is likely to face more questions about the dividend—which has been a penny a share quarterly since last year—next month at the bank's annual shareholder meeting, to be held in Dallas. Citi recently disclosed Mr. Pandit was awarded $3.6 million in stock for 2011, his first stock award since the financial crisis nearly toppled the company.

Mr. Pandit had signaled a dividend increase or a share buyback was in the offing, including in remarks at a Citigroup-sponsored financial-services conference last week.

Scott Armiger, a portfolio manager at Christiana Trust, in Greenville, Del., said the Fed's move will keep him out of the stock even though he sees it as a good buying opportunity. "I would probably spend so much time explaining it to some of my clients if I got into it now that I would rue the day I bought it and it would be a professional distraction," says Mr. Armiger, whose firm is a unit of Delaware-based WSFS Financial Corp. WSFS -1.14%
The Fed's decision on Citigroup was released as part of the results of stress tests it conducted to assess the financial health of 19 big financial institutions. Most of them passed the exercise, paving the way for them to raise dividends and increase share buybacks. Although Citigroup passed the test, federal regulators determined it would fall short of required capital levels if it increased its payouts..........

http://online.wsj.com/article/SB100...81821378886002.html?mod=WSJ_Markets_RIGHT_Top

More "good news" for some of our world class investments

 

[3_M]

Ah neh better take a good look at his own backyard.

Citi Jet Purchase: $50 Million, 12-Seat Plane Despite $45 Billion Bailout

Huffington Post Danny Shea First Posted: 02/27/09 05:12 AM ET Updated: 05/25/11 02:00 PM ET


The New York Post's Jennifer Keil and Chuck Bennett reported in Monday's paper that Citigroup, which has received $45 billion in government bailout funds, is about to upgrade to a new $50 million, twelve-seat corporate jet.

The plane, the Dassault Falcon 7X, is a luxurious jet with a range of 5,950 nautical miles (meaning it can fly from New York to all of Europe and South America, as far east as Riyadh, and as far west as Honolulu or Petropavlovsk, Russia). The Post reports it has "plush interior with leather seats, sofas and a customizable entertainment center."

The Dassault website describes the wide, generously appointed cabin, but says the "the airplane's most welcome feature may be Dassault's breakthrough environmental system." It touts "quieting acoustics" and advanced temperature monitoring that contribute to a more comfortable passenger experience.

The Post also reports that Citi executives are "quietly trying to unload two of their older Dassault 930EXs," worth approximately $27 million each.

 

[chupacabra]

Dunno whether anyone here caught the programme on channel news asia about the angel investers. there was an episode where a keling chef propose a food business. fucker was talking cock on national tv. trying to slither his way. Was a big joke.