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Last month Citigroup (C) dismantled the panel in charge of overseeing its disposal of toxic and...

Tuesday, May 29, 2012, 3:43 AM ET
Last month Citigroup (C) dismantled the panel in charge of overseeing its disposal of toxic and unwanted assets, confirms a company spokeswoman. At the time, around $200B of assets remained in Citi Holdings, down from $600B when the unit was created following the bank's near-collapse in 2008.

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This news story has 2 comments:

jgesa Comments (15)

It's great to see the drop in the "toxic assets" portfolio. I always say Federal Reserve should NOT allow banks to pay any, any dividends until ALL toxic assets are cleaned up. Imagine the pressure this would put on them to clean up their act.

29 May 2012, 10:01 AM Reply Like

Ron Reed Comments (196)

That would not be possible. Remember most of the payments going out are toward the pref. stock series not the common stock series. Since the pref. stock is under contract to pay out at a given div. that cannot be stopped. What little bone they throw to the common stock holders is so meaningless as to not make any real impact on the market price at all.

1 Jun 2012, 02:39 PM Reply Like

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