Citigroup losses US$ 12 billions
— yulyanto
closeAuthor: yulyanto
Name: Yulyanto
Site: http://www.yulyanto.com
About: I was born on July, 16th of 1979, after graduate from Senior High School on 1996, I was continued my study at University of Persada Indonesia YAI (Jakarta) on 2002, majoring in Bachelor of Accounting and then continue my study in the same institution, success to get Master of Management especially Finance Management on 2005. After finish my first Master degree in Management, I’ve got the second Master of Law at University of Indonesia (Jakarta), especially in Economics Law on 2007 by Office’s Scholarship.
I have been working at PT Sanwell Austindo-Jakarta (www.austindocorporation.com), my last position as a Finance Manager, and then start on May 2007 I have been moving as a Marketing Manager, but until now I am still responsible as an Internal Control Manager at PT Austindo Perdana- Bali (Austindo Groups).
In my spare time, usually I am always reading and writing something. Until now, I have been contributed my opinion by some media, like’s science journal, articles, blogs and also in my personal website too (www.yulyanto.com).
Someday, I hope that my written will be useful for anything all in the world ………..............................…See Authors Posts (285) • April 21st, 2008
The biggest bank at United State of America (USA), Citigroups has reporting their losses reaching US$12 billions, cause of decreasing of their net assets and obligation value.
This condition was impacted by subprime mortgage, problems in financing of vehicles, credit card and the economic growth in USA.
Chief Executive Officer of Citigroup, Vikram Pandit said that the company has guarantee almost 10 of investment, increasing the capacity of capital till US$ 30 billions and also go for eficiency to cut the number of theirs employees till 6.000 peoples.
The decision from Citigroup at USA, actually will be influence to their branch office in the overseas, include Indonesia.
Now (the first quartal) is the difficult quartal in this year (2008) for Citigroup. For the next quartal, management of citigroup hope that the condition much better than before (www.bisnis.com).
Topic: Business, Industry, News
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