Citi Pays $3.5 Billion To Keep Its Employees Out Of Jail For Yet Another Quarter

by Tyler Durden
ZeroHedge.com
12/09/2014

Alongside the just announced revenue warning, Citi’s CEO Corbat also announced yet another $2.7 billion in legal, related charges in 4Q, as well as another $800 million in repositioning expenses. This simply means that for yet another quarter Citi will be charged with billions in recurring, non-one time “one-time, non-recurring” charges which will be dutifully added back to non-GAAP EPS by analysts at all the other banks (whose criminal employers are now engaged in the same racket with the US government). But what it really means is that it cost Citi some $3.5 billion to keep its employees out of jail for yet another 3 months.

The Rest…HERE

This entry was posted on Tuesday, December 9th, 2014 at 11:37 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.