Once an arrogant and dominant financial institution, Citigroup has felt the soreness of economy meltdown! Amid financial crisis, they are confronting graving issues in consumer banking industry. Bias has been deep rooted in my mind towards Citibank since years ago. I don’t like their disgusting service quality and horrible employees’ attitude! Of course it’s a gigantic player in the field … yet the egotistical culture in the corporate din goes with the professionalism they should hold in service industry.
Besides the service values mentioned, macroeconomics should be in the view! Custom of risk taking is always the primary guideline in capitalism world. Risky investments, uncertain credit managements and over-valued capitals are wobbly strategies! Industry players are not performing the businesses based on their actual worth! Fast money that moving around has generated mounted debts and these practices brought vicious economy cycles. This is not the healthy economy model as dreamt of! Going big, losing big. That’s the ground why big players tumbled first in current economy disaster! Their money is at nowhere or belongs to other!
No comments:
Post a Comment