Investors

INTELLECTUAL PROPERTY: Cutting the nose off to spite the face

PERE Magazine September 2009: The decision by Citigroup to sell Citi Property Investors may be about reducing risk, but it only ensures the bank misses out on the potential for outsized returns over the next five years. By Zoe Hughes

-

Zoe Hughes

Once the largest financial institution in the US, Citi is now only the third largest after racking up more than $100 billion of credit losses and write downs during the credit crisis … Every bank has been forced to change its focus.

Buying at the height and selling out at the bottom is the antithesis of what any financial institution should do.

Share this