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?