Hints and tips:
...thinker, Canadian-born David Frum was supposed to have the perfect credentials: by 29 he was on the editorial page of the Wall Street Journal; by 34 his first book, Dead Right, had been praised by author William...
...They include Ned Kelly, chief financial officer, Gary Crittenden, his predecessor and chairman of the division containing Citi’s non-core assets, and one of Citi’s new board members....
...“Results were not as bad as expected,” wrote William Tanona, a Goldman Sachs analyst in a note to clients....
...Writedown: $7bn And Mr William Tanona: Citi prices its CDOs at 55 cents on the dollar. (MER 22 cents) They would struggle to obtain their prices in the marketplace....
...William Smith, a persistent critic of Mr Prince, said the results had brought Citigroup’s chief “a little breathing room”....
...These include Gary Crittenden, who recently joined as chief financial officer from American Express, and Vikram Pandit, the former Morgan Stanley executive....
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