Comments on: Citibank has cut all lending in Denmark http://www.creditwritedowns.com/2009/02/citibank-has-cut-all-lending-in-denmark.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/02/citibank-has-cut-all-lending-in-denmark.html#comment-4024 Edward Harrison Fri, 20 Feb 2009 17:08:48 +0000 http://www.creditwritedowns.com/?p=6218#comment-4024 @anon, I would assume it is the risky lending i.e. "Quick and Easy" loans only until further confirmation from Citi. While they me cutting back all lending I can't believe they are stopping all lending. But, Citi is retreating from the international scene quickly. There is a report out that they are looking to exit Brazil as well: http://dealbook.blogs.nytimes.com/2009/02/20/citigroup-to-sell-part-of-redecard-stake-report-says/ The long and short is this: Citi is deleveraging. They need to cut back to their core assets to preventa worst-case scenario (nationalization) @anon,
I would assume it is the risky lending i.e. “Quick and Easy” loans only until further confirmation from Citi. While they me cutting back all lending I can’t believe they are stopping all lending.

But, Citi is retreating from the international scene quickly. There is a report out that they are looking to exit Brazil as well:
http://dealbook.blogs.nytimes.com/2009/02/20/citigroup-to-sell-part-of-redecard-stake-report-says/

The long and short is this: Citi is deleveraging. They need to cut back to their core assets to preventa worst-case scenario (nationalization)

]]> By: anon http://www.creditwritedowns.com/2009/02/citibank-has-cut-all-lending-in-denmark.html#comment-4023 anon Fri, 20 Feb 2009 15:38:17 +0000 http://www.creditwritedowns.com/?p=6218#comment-4023 The Danish article leaves many matters unclear. Primarily does this only cover risky "Quick and Easy" loans or are they actually stopping all lending? The Danish article leaves many matters unclear. Primarily does this only cover risky “Quick and Easy” loans or are they actually stopping all lending?

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