what exact business is doing this turnover? but details aside, the letter did the trick for the market as citi leads the romp back Financial firms typically occupy a third of the office space in New York City's commercial and cultural center of Manhattan, according to real estate services firm Colliers International. Because the city's Independent Budget Office says such firms might lose 82,300 jobs between 2008 and 2011, office landlords must work hard to keep the tenants they have by offering inducements like reduced rent...
The deed is finally done - Caapital raising is complete and Dubai has a lifeline from Abu Dhabi so HSBC and RBS are safe too, Dubai stock is good..Citi will still take 2-3 years to get its global franchise and is the most prone to another failure because of its culture and lack of control that has marked any growing constitution - country, corp or other calumny like private equity investment Citigroup announced a broad program that will replace the $20 billion of remaining bailout aid with money from private investors, facilitate the sale of the government’s $25 billion in bank stock and allow it to wean itself off other forms of federal assistance. To help replenish its coffers, Citigroup expects to raise about $17 billion by selling stock as early as this week and issue up to $7.2 billion in other capital by the first quarter of next year. The moves will leave the bank with one of the largest capital cushions of the major banks, assuaging regulators’ concerns about its ability to weather another severe downturn NYTIMES
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