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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1071 |
Essay's paper body
Merrill Lynch, Morgan Stanley, MetLife among others had felt market's weak performance. However, to examine and discuss management planning we will look at Citigroup. Inc.
One of the unforeseen problems encountered by Citi in 2007-08 is tied to Subprime home loans. Subprime home loans were granted to Americans with poor credit during a years-long housing boom that ran out of steam almost two years ago...
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The housing market has been in a downturn since that time and played havoc with Citigroup's finances. Perhaps "unforeseen problems" is an incorrect statement since Citigroup did plan on a great return value and, the planning began with Strategic planning. One of the three levels of planning is Strategic planning...
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