Monday, April 19, 2010

Citigroup Wins in Trading Markets

Citigroup reported a $4.5 billion profit in its latest quarter. It was due largely to trading profits from its brokerage division. Is this a way to run a banking institution? Bank depositors have to carry the burden of hoping their bankers guess correctly when trading stocks, bonds and financial instruments. If not then the deposits end up in someone else's pocket.

No comments: