Thank the wonderful lord for an incredible turnaround in the banking sector today.
Citi making me MAD $$$$$ today
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Here are the Macroeconomic assumptions for the stress test that will be performed on all banks.
GDP
Baseline forecast: 2009. -2% 2010 +2.1%
Adverse condition to test against (Probability 15%): 2009 -3.3% 2010 +.5%
Unemployment
Baseline forecast: 2009. 8.4% 2010 8.8%
Adverse condition to test against (Probability 10-15%): 2009 8.9% 2010 10.3%
House prices
Baseline forecast: 2009. -14% 2010 -4%
Adverse condition to test against (Probability 10%): 2009 -22% 2010 -7%Last edited by ADL Colin; 02-25-2009, 12:37 PM.
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Unfortunately Citi is going to ruin my day for the forth time this month... Going in today to their overcrowded branch to stand in line for an hour to have them tell me why they can't reset my netbanking password or unblock my debit card.
That bank has gone so downhill since Citi bought them 6 months ago, I'm switching.Comment




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