taken by Citigroup in facilitating Gretz flow of funds are as follows: Loan a.Short-term financing Citigroup may act as a creditor to Gretz to provide short-term loans in any currency required by international money market. b.Medium-term financing Citigroup may also provide a medium-term loan to Gretz in any currency required by international credit market. In this kind of financing‚ Citigroup is again will act as a creditor to Gretz. CONTINUE The way that could be taken by Citigroup in facilitating
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make improvements on and pay expenses for other properties owned by Antonucci. Antonucci is charged with fraud against the FDIC and TARP because of a $6.5 deposit that Antonucci used to obtain common stock with gave him 52% control of the bank. The $6.5 million round-trip transaction was misrepresented on its TARP application and when Antonucci was contacted by a TARP representative Antonucci claimed he made a personal deposit into the bank‚ which never occurred. To conceal the fact that he never
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2009 b. No Change at all‚ Banks still operating the same way IV. Opposition’s point 2‚ refute‚ 2nd support for thesis. a. Creation of TARP b. $12.2 trillion dollars of tax dollars were spent wrong c. TARP allowed many banks to allow credit again d. A majority of banks have paid back TARP money e. After TARP‚ Economy boosted V. Opposition’s point 3‚ refute‚ 3rd support for thesis a. Toxic assets cannot be removed easily b. Government takes
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third quarter of 2007‚ all structured finance markets collapsed. • The reputation of securitization was severely damaged after most of the existing mortgage-backed securities (MBSs) and CLOs were downgraded. • Meanwhile‚ as of September 30‚ 2007‚ Citigroup alone had $38 billion of unfunded commitments that it underwrote in expectation of being able to allocate to CLOs and other institutional investors. • So even in early 2008‚ one could anticipate that the disruption in the leveraged loan market was
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Retrieved from http://www.bloomberg.com Bay‚ C. (2011). HAMP result continues to slip. Retrieved October 21‚ 2012‚ from DSNews.com Retrieved from http://www.dsnews.com/articles/hamp-results-continue-to-slip-2011-10-05 Benson‚ Clea. (2012). TARP Funds for Housing Relief 90 Percent Unspent‚ Auditor Says. Retrieved from http://www.bloomberg.com Bernake‚ B. S. (2004). Money‚ Gold‚ and the Great Depression. Retrieved from http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default
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platforms‚ shrinking the circle‚ or folding the tarp) and challenge the group again. How far can the group go? * Cautions: Obviously‚ people are going to need to feel physically comfortable in order to get physically close and be supportive of one another. So make sure people are warmed up and preferably have removed excessive jewelries‚ watches‚ etc. Variations * Tarp Flip Over: With a group standing on a tarp‚ challenge them to turn the tarp over without anyone touching the ground in the
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References: Banks‚ J. “Only Connect‚” IT Leadership‚ 1 May 2006‚ http://www.theitleader.com/features/feature437/. Carr‚ N.G. “IT doesn’t matter‚” HBR AT Large‚ May‚ 2003‚ pp. 41-49. Citigroup Annual Report‚ Citigroup‚ 1997 – 2006. Citigroup Diversity Report‚ Citigroup‚ 1997-2006. Deloitte Global Financial Services Offshoring: Scaling the Heights‚ Deloitte Touche Tohmatsu‚ 2005. Deloitte Global Banking Industry Outlook: Issues on the Horizon 2007‚ Deloitte Touche Tohmatsu
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| | | | [CITIGROUP CASE STUDY]By: AMMARA ABRAR 11749DATE: 12-12-12 | | ACKNOWLEDGEMENT First of all I would like to thank Allah Almighty for providing me with wisdom and intellectual capacity to complete this report. Then‚ I would we like to thank my parents for providing me with opportunity of learning. Lastly and most importantly‚ I would like to thank my supervisors Dr. Siraj Jamal for guiding me to complete this report. ABSTRACT This research report intends to identify an
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BRUNEI but it has only two branches set up in BRUNEI. For more information‚ Citigroup has the world’s largest financial services network‚ spanning 140 countries with approximately 16‚000 offices worldwide. The company currently employs approximately 260‚000 staff around the world‚ which is down from 267‚150 in 2010 according to Forbes. It also holds over 200 million customer accounts in more than 140 countries. However‚ Citigroup suffered huge losses during the global financial crisis of 2008 and was
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it is illegal. When financial institutions violate the consumer trust they hurt more than just the company image. This was the case in 2001 when a Citigroup consumer lending subsidiary used deceptive practices to sell unnecessary insurance coverage to minority‚ elderly‚ and uneducated home equity borrowers (Heller‚ M.‚ & Garver‚ R.‚ 2001). Citigroup used the information obtained for the unintended purpose of selling additional services. In this case these services were unnecessary insurance premiums
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