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EScroogeJr (< 20)

Vivkram, your commitment is not a bold step



May 16, 2008 – Comments (3)

I just received this email from Citibank (my only connection to City is that I have a credit card from them).

"Dear ... 

I want you to be among the first to know about the bold steps we are taking at Citi to be the premier, global, fully integrated financial services firm.

Our objective is to create for our customers an experience in which services are seamless, payments and transfers effortless, and distances meaningless. My commitment - and the commitment of everyone at Citi- is to work tirelessly around the world and around the clock to deliver outstanding value and service as we continue to earn your trust and that of every customer we serve.

We are proud of our enduring strength as a global financial institution, striving to successfully meet the needs of clients like you in more than 100 countries. As always, we look forward to continuing to serve you - wherever you are and wherever you need to be.


Vikram Pandit
CEO, Citi

So thanks to this email I am now among the first to know that Pundit is committed, pround, and looking forward, so I thought I'd share this essential piece of information with other Caps players.  Being committed, proud, and looking forward sounds like a truly bold step :)

3 Comments – Post Your Own

#1) On May 16, 2008 at 12:47 PM, FleaBagger (27.53) wrote:

I got that same email. I opened a savings account with them last year to get $100 they were offering, but they were so secure that I can't even access the account online without my debit card # (and I didn't even want a debit card!) - so now I'm actually out $100 and I had $100 in reported income I had to pay taxes on.

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#2) On May 16, 2008 at 12:54 PM, QualityPicks (47.84) wrote:

Ha ha. I also got this letter too and it gave me goose bumps. What kind of stupid letter is this? I thought. I felt very tempted to take my money out of there :) Is this all the CEO can come up with during the toughest times the company has ever faced? Really lame.

The problem with banks and home builders going forward will be dilution. They will need to raise capital to stay in business, so their stocks will likely stay relatively flat for many years.

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#3) On May 16, 2008 at 1:03 PM, TMFBent (99.24) wrote:

I do all my banking online. I tried their bundled online stuff, and they could not get it right, even after several phone calls. C is pathetic. Not as pathetic as BAC maybe (they write me 2x a week begging me to borrow thousands at 18% interest for stuff I "deserve" like trips or fancy weddings), but pathetic.

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