Friday, June 24, 2016

Citigroup's Protective Cocoon

June 24, 2016
Citigroup CEO reassures staff on Brexit: 'Citi is well positioned'

Last year, we created a group of senior leaders from across our businesses and functions to ensure we were prepared for this possible outcome.

It is everything you've dreamed of. It is nothing you expect. It is the mystery of an awesome secret. It is the miracle of everlasting life. Beyond the innocence of youth and the wisdom of age, lies the wonder of Cocoon.

Well positioned? Citigroup ended the day down a whopping 9.4%.


Who Struck John said...

Well, that was better positioned than Lloyd's or Barclays.

Stagflationary Mark said...

Nice. Hahaha!

Although the WWI soldier was out in no man's land just as the sun started to rise, at least he was better positioned than the two soldiers just ahead of him, desperately attempting to free themselves from the enemy's barbed wire.

Bad Mark. Bad! Bad! ;)