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>> RESERVE BANK OF INDIA Latest News

MAR 28, 2014 - TheStreet

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Citigroup's Business Model Is 'Not Sustainable,' Says Societe Generale

NEW YORK (TheStreet) -- Citigroup's business model is "not sustainable in [the] new regulatory era," and the bank needs ramp up its efforts to simplify its operations, according to Societe Generale's equity research team. The Societe Generale analysts, including Murali Gopal, Andrew Lim and Axel Richard on Friday downgraded Citigroup to a "hold" rating from a "buy" rating, while cutting their price target for the shares to $52 from $58, following the surprising rejection of Citigroup's 2014 capital plan by the Federal Reserve on Monday. The Fed announced the results of its Comprehensive ... Read More

Tags: Citigroup's Business Model Is 'Not Sustainable,' Says Societe Generale,  Reserve Bank Of India Latest News