Hints and tips:
...That issue causes some concern about the valuation of the rest of the Holdings business, which still contains about $100bn in mortgage assets....
...Berkshire previously allied with Leucadia to purchase a commercial mortgage origination and servicing unit from Capmark in 2009....
...CitiFinancial Europe, owned by Citigroup of the US, had 80 per cent of its credit card related complaints upheld in its customers’ favour....
...Putting out an “everything must go” sign is a poor negotiating tactic even were the market for, say, a subprime lending arm (CitiFinancial) not appalling....
...Through 2008, as Citi continued to write down mortgage-backed assets, Mr Pandit defended Citi’s model....
...Bert Pijls, business manager for Citi’s UK consumer business, said: Following a strategic review of the consumer business in the UK, Future Mortgages and CitiFinancial were not identified as areas for strategic...
...Mortgage origination activities of CitiFinancial, Citibank and Smith Barney branches will remain with those business entities....
...However, the tapes did not contain any information from CitiFinancial Auto, CitiFinancial Mortgage or any other Citigroup business....
International Edition