Doomed! City Group

[sunnysan]

Guys

Look, maybe I am being paranoid but basically I think the banks are capitalising on this chaos to move their operations to low cost centres.

Without the benefit of masses amount of research, they appear to cutting jobs in high cost centres and its the prefect opportunity for them to do so, they dont even need to justify it.

I am pretty sure after the dust has settled, very silently subsiduaries will open up in Mumbai,Manila etc and all work that was happening London will start happening there.

[Sockpuppet]

No, it will be business as usual I am sure.

Mrs Gonzo works for Citi, she hates them and it would make her year if she was made redundant.

So it wont happen

http://news.bbc.co.uk/1/hi/business/7354266.stm

Not so sure. 9,000 extra job cuts announced yesterday.

[Gonzo]

Another great Doom posting, Sockpuppet ....9000 job losses, and they were saying it would be a "bloodbath", this sounds more like Armageddon with knobs on. Interestingly everybody is calm, sort of, "ah well it won´t be me".

Mind you that was what that interesting Doom monger was saying on CNN, that it wouldn´t be sudden, a bit like slowly boiling up a frog in a pot of a water.

No, it will be business as usual I am sure.

Mrs Gonzo works for Citi, she hates them and it would make her year if she was made redundant.

So it wont happen

[BlasterBates]

Another great Doom posting, Sockpuppet ....9000 job losses, and they were saying it would be a "bloodbath", this sounds more like Armageddon with knobs on. Interestingly everybody is calm, sort of, "ah well it won´t be me".

Mind you that was what that interesting Doom monger was saying on CNN, that it wouldn´t be sudden, a bit like slowly boiling up a frog in a pot of a water.

[thunderlizard]

They've lost 2 giants! surely they should be pretty easy to find.


To lose one giant may be regarded as a misfortune, to lose both etc. etc.

[snaw]

If citibank is doomed then we're in for a bigger and bumpier ride than anyone is currently expecting ...

[Sockpuppet]

Yeah, so doomed that their price put on about 6% this morning.

Just means they are 6% less doomed today then they were yesterday. Still doomed none the less.

[HairyArsedBloke]

Yeah, so doomed that their price put on about 6% this morning.

However, they are still 50% down from their 52 week high

[Xenophon]

Oh dear the managers will have Egg on their face (they own Egg now)

It cracks me up





I'll get 'me' coat

It's no yolk.

[Bagpuss]

Oh dear the managers will have Egg on their face (they own Egg now)

It cracks me up





I'll get 'me' coat

[oracleslave]

"Citigroup's revenues plunged 48% to $13.2bn"

My heart bleeds lumpy shark-infested shiite.

[snaw]

Funnily enough their shares went up today after the news :-/

[Sockpuppet]

http://news.bbc.co.uk/1/hi/business/7354266.stm