Wednesday, January 11, 2012

Citigroup Inc. (NYSE:C) Boss Wants Banks To Open Up

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tdp2664 E money daily Citigroup Inc. (NYSE:C)'s Vikram Pandit has tried to encourage banks to show greater risk transparency. Citigroup Inc. (NYSE:C) Boss Wants Banks To Open Up Citigroup Inc. (NYSE:C) chief executive Vikram Pandit has urged banks to apply their models to a standard portfolio and to explain risk transparency to remove obscurity. This would help investors to understand which banks are taking greater risks and which are using conservative assumptions. Pandit wrote, "We could go a long way to regaining … trust by making the system more transparent, by clearing up some of the obscurity that causes people to believe the system is a game rigged against their interests. Investors would reward institutions whose approach to risk and capital holdings seem to be sound and to punish those who appear to get it wrong". Citigroup Inc. (NYSE:C) shares are currently standing at 30. Price History Last Price: 30 52 Week Low / High: 21.4 / 51.5 50 Day Moving Average: 27.85 6 Month Price Change %: -26.9% 12 Month Price Change %: -41.1%



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