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This large bank is in serious trouble
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Monday, October 26, 2009
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From Mish's Global Economic Trend Analysis:

Citigroup is in serious trouble. It's easy to tell by what they are doing.

Inquiring minds note that Citi Abruptly Shutting Down Gas-Linked Credit Cards.

Citi (C) is abruptly shutting down credit cards linked to gas station partners.

The bank is offering few details...

In a followup article the Business Insider notes:

Citi Jacks Credit Card Rates To 29.99% On Unsuspecting Customers...

Read full article...

More on banks:

The single greatest investment of all time

IMF: Bank problems aren't even halfway over

Scary headline of the week: "You have no clue how bad banks' balance sheets are"

Topics: Banks | Stocks | Cruxallaneous
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