In Dick Parsons' Humble Opinion, Citi Is Pretty Much The Best Capitalized Bank On The Street, Inching Closer Every Day To Pandit's Goal Of Becoming The Best Company In World, Bar None

Author:
Publish date:
Updated on

Citi chairman Dick "Keep The Faith" Parsons told Reuters this morning that not only does his bank not require any more capital injections from its largest shareholder, the US government, but it smokes all you fools.

"I think actually, particularly with the latest conversion ... Citi is actually one of the better capitalized banks in the world."
Parsons was speaking on the sidelines of a Business Roundtable event where President Barack Obama addressed business executives.

Oh, and nationalization is not in the cards, probably.

The Citigroup leader also brushed aside any prospect of the U.S. government nationalizing the bank.
"I don't think the administration is heading in that direction," Parsons said. "But I have a lot of confidence in the future viability and strength of a privately held Citi."

Related: Vikram Pandit: "We can make Citi the best company in the world, bar none."

Related