More PAIN … Citibank
Citibank CFO Gary Crittenden is quoted:
“If current trends prevail, it is fair to conclude we will continue to have substantial additional marks on our subprime exposure this quarter.”
“It’s reasonable to expect that credit costs will continue to rise through 2008, and that provisions for losses in its consumer business will also grow.”
“Expects revenue growth of 9% “two to three years out,” and sees long-term expense reduction of $15 billion.”
To be honest … THESE bastards make me SICK!!! 
Tags: Citibank, credit crunch, financials
