Bank of America has set aside $400m (£253m) due to rising litigation costs associated with a probe into foreign currency manipulation at the bank.
Showing posts with label Citigroup. Show all posts
Showing posts with label Citigroup. Show all posts
10/05/2011
Avoid risky assets until November G20 meet: Citi strategist
(Reuters) - Investors should shun all risky assets and hold cash until early November when the Group of 20 leading economies (G20) meets to find a solution for the euro zone debt crisis, a Citigroup (C.N) strategist said.
"The way with which the euro zone crisis is managed will dictate whether or not we have slow growth in the United States or a global financial crisis," John Woods, chief Asian strategist at Citi Private Bank, told the Reuters Global Wealth Management Summit, on Tuesday.
"The way with which the euro zone crisis is managed will dictate whether or not we have slow growth in the United States or a global financial crisis," John Woods, chief Asian strategist at Citi Private Bank, told the Reuters Global Wealth Management Summit, on Tuesday.
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