Citigroup ’s Industry Analysis 1. High Rivalry among Banking Companies The competition in banking industry is very high. There are many banks around the world. Although Citibank is the second largest financial services firm‚ the slow growth rate still affects it. Moreover‚ banking industry hardly has differentiation strategy. Whenever one bank comes out with our new product or service‚ it can not stand for long period as other banks will follow its products and services. In addition‚ customers
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bubble before the housing market failed. As a result‚ they did not lose billions of dollars and were able to acquire Wachovia‚ a financial services company. Although Wells Fargo was wise with their risk‚ their competitors‚ Bank of America and Citigroup‚ suffered extreme losses. The same situation also happened in 1990 during the commercial
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Instead of creating laws and practices that would punish the financial institutions for their risky gambles they are rewarded with TARP. The Troubled Asset Relief program was a program signed into law by George W. Bush in 2008. TARP allows the Treasury to purchase/ insure up to 700 billions of troubled assets. They are defined as (A) residential or commercial obligations will be bought‚ or other instruments that are based on or related
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Viral Smartphones are beginning to be a growing trend in modern society. In 2009‚ Citigroup launched a new banking application for iPhone users. This particular application allowed customers to check their account balances and pay bills from their mobile device. Due to security flaws‚ hackers could have easily had accessed the banking information for the 118‚000 customers who downloaded the application. However‚ Citigroup was able to discover the security flaw before a customer lost money or hackers
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tools in plastic bags and newspapers‚ once again so there is not a chance for camera footage. They do not want the world to see this stuff. The Taiji fishermen claim that dolphin butchering is part of their heritage. Covering up their deeds with blue tarps doesn’t sound like a tradition to be proud of. This horrifying ordeal starts on September first of every year and continues for approximately six months. According to Taiji officials‚ half of the Bottlenose dolphin catch will be sold to aquariums
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The Recession of 2008 caused widespread panic and distress globally. Trillions of dollars were lost during this time. It was a frightening time for people because they were unsure of what was to come regarding their situations. These losses of money lead to a decrease in consumer spending‚ which decreased the GDP. This then invoked companies to lower salaries and cut large numbers of their employees. The huge loss of jobs made the unemployment rate skyrocket. All of these consequences of the
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measures are taken‚ which may be weeks away. More economists cut India growth forecasts More economists slashed their economic forecasts for India‚ with Citigroup and CLSA cutting their outlooks for growth to 5.4 percent and 5.5 percent respectively in the fiscal year ending March‚ with a weak summer monsoon adding to economic headwinds. Citigroup said a policy gridlock‚ recent power outages‚ weaker exports and falling domestic consumption will take a toll on Asia’s third-largest economy. No end
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Respect and what it means By: -PFC- C‚ Mullins Respect it is something everyone wants‚ not many have‚ and few will give. Some people would appreciate having a little bit of respect from others‚ and some should make efforts to show some more respect. Unfortunately‚ this does not happen all the time. Maybe this is because respect is not clearly understood. What is respect? The dictionary defines it as an act of giving particular attention or high or special regard. Another definition shows respect
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and all. • May background na sila sa business (since may pizza house na sila 3 years ago pa) • Good place for all‚ even sa kids‚ tapat nila bahay ng kapitan • Free delivery (with 2 motorcycles) • Flyers‚ calling cards‚ tarps(sa labas ng bar‚ at namigay sila ng mga 20pcs tarps sa likod ng mga tricycle)‚ fan pages(social network sites) or websites‚ word of mouth for advertisements • Sagana sa meeting yung mga employees‚ sobrang makikita mo na naturuan sila ng maayos on how to handle customers •
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soldiers to blow up anyone and anything in its path. Tanks were first secretly transported by train to German bases‚ the tanks were covered in a large sheet of tarp that was labeled ‘tank’ so that the Turks would think nothing of it and not suspect that they were transporting a new form of weaponry that could potentially destroy them. The big tarp with tank written on it is how the ‘tank’ got its name. How was this different to before? This is different to before because people used to fight war with
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