European stocks rally as Citi memo soothes bank fears
According to the memo from Citigroup's Chief Executive Vikram Pandit obtained by Reuters, the bank was profitable in the first two months of 2009 and is confident about its capital strength after tough internal stress tests. The memo said the bank was having its best quarter-to-date performance since the third quarter of 2007. Citigroup declined to comment on the memo.
http://www.reuters.com/article/germanyMktRpt/idUSLA49428820090310
According to the memo from Citigroup's Chief Executive Vikram Pandit obtained by Reuters, the bank was profitable in the first two months of 2009 and is confident about its capital strength after tough internal stress tests. The memo said the bank was having its best quarter-to-date performance since the third quarter of 2007. Citigroup declined to comment on the memo.
http://www.reuters.com/article/germanyMktRpt/idUSLA49428820090310