Thursday, March 27, 2014

Dick Bove on Citigroup

"Sell, sell, sell..." is his message. Watch him here as he calls the Mexican situation a "horror show." He is of course referring to the lack of controls in Banamex which allowed 400 million U.S. dollars to essentially walk out the door. Also in the news today, the Fed rejected Citi's request to raise its dividend stating that the Fed's latest stress test shows the bank needs to shore up its plan to weather the next economic downturn.

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