Citigroup: Taking Sides Cases Analysis

Citigroup: Support Case Analysis Citibank is part of Citigroup and was one of the first foreign banks licensed to conduct limited business activities in China. When China joined the World Trade Organization at the end of 2001, Citigroup was still in the early stages of China's strategy. By 2002, Citibank became one of the most powerful foreign banks in the People's Republic of China, but as a foreign bank, access to the market was limited and the service was limited.

Citigroup showed severe pressure in 2007, but there was a crash in the week of November 17, 2008. On Monday, the company called the city office to meet employees and announced the dismissal of 52,000 workers. On Tuesday, 18th November, Citigroup lost 53% of internal hedge funds within a month and returned $ 17 billion of off-balance sheet assets to the balance sheet. The next day, one law office insisted that Citigroup saw losing 80% of its value after calling MAT 5 fund "safe" and "safe", which caused unwelcome news It was. On Thursday the principal shareholder Prince Saudi Arabia Walid bin Talal came first to publicly assure that Citigroup is "underestimated" and he was purchasing more shares. The stock price of the next day fell further by 20% and closed the deal at 3.77 dollars. Overall, Citigroup lost 60% of its market value this week, and this year it has lost 87% so far.

Recently, Citigroup announced quarterly loss of $ 18 billion. This is a big news for many people, but there is a fear that this big loss is related to some political events that occurred in the past few weeks. In order to make rumors rest, I tried to discover what Citigroup says and explain the huge loss every quarter. According to the company, allegations related to the new tax law are the original cause of huge loss. The law was signed by President Donald Trump last month and recently triggered a tough trial against major banks. To earn foreign income, this law forces them to do at least one click on these incomes. Initial treatment of all deferred tax assets will also be changed. In short, this greatly influenced Citigroup