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September 06, 2005

The Giant Gets Hungry

The FT reports that Citi CEO Prince is planning to aggressively expand through acquisition in foreign markets (including Asia)...once they have worked through their regulatory problems. This despite the reports of some that last year's KorAm acquisition in Korea has been slower-than-expected to gain momentum. Perhaps all the naysayers are disgruntled employees?

If I were Chuck, I would be spending a lot of time thinking about what to buy in Asia.

(via BankStocks)

Posted by The Banker at September 6, 2005 12:05 AM

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