Citi doesn't need more government capital: Parsons

WASHINGTON (Reuters) - Citigroup Inc Chairman Richard Parsons said on Thursday that the bank does not need any more capital injections from the government and expressed confidence that Citi would remain in private hands.

Asked in an interview with Reuters whether Citigroup needed additional government capital injections, Parsons said: “No, I think actually, particularly with the latest conversion… Citi is actually one of the better capitalized banks in the world.”

BofA said something similar today:
Expects to Post Full-Year 2009 ProfitBank of America

Is the economy turing around?

I vote present.

We need to take a sledgehammer to the mega back and return to the way banking was a few decades ago. That is local banking. No crossover into brokerages.

You need a slot for not sure. I hope we have, As much as I dislike Obama I hope he is successful turning things around

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