D DeepFried Apr 30, 2008 #11 Quote from DeepFried: And a somewhat comforting detail: "People close to the situation said Citi had always planned to follow up its issuance of preferred shares with a sale of common stock to satisfy US rules requiring banks to have the bulk of their capital in common equity." http://us.ft.com/ftgateway/superpage.ft?news_id=fto042920082107591498&page=2 More... Much of the upset here comes down to very poor communication on the part of Citigroup.
Quote from DeepFried: And a somewhat comforting detail: "People close to the situation said Citi had always planned to follow up its issuance of preferred shares with a sale of common stock to satisfy US rules requiring banks to have the bulk of their capital in common equity." http://us.ft.com/ftgateway/superpage.ft?news_id=fto042920082107591498&page=2 More... Much of the upset here comes down to very poor communication on the part of Citigroup.
