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    CITI's profits

    Wonder if they will miss the 20K I owe them? Wow, 5.44 billion dollars, and they claim them damn people going BK hurt them really bad.

    CITIGROUP

    Net income for New York-based Citigroup rose to $5.64 billion, or $1.12 per share, from $5.44 billion, or $1.04, a year earlier.

    Profit from continuing operations rose 9 percent to $5.56 billion, or $1.11 per share, as revenue rose 5 percent to $22.18 billion.

    On that basis, analysts expected $1.02 per share, according to Lehman Brothers Inc. analyst Jason Goldberg. Reuters Estimates said profit excluding items totaled $1.08 per share.

    "I'm very, very pleased with our accomplishments and our financial performance," Chief Executive Charles Prince said on a conference call.

    International profit rose 47 percent and revenue increased 19 percent, offsetting respective declines of 13 percent and 1 percent in the United States.

    Corporate and investment banking profit rose 15 percent to $1.93 billion, and revenue rose 21 percent to $7.28 billion. This helped offset a 4 percent drop in U.S. consumer profit.

    Citigroup won a victory this month when the Federal Reserve lifted its year-long ban on big acquisitions, citing the bank's improved internal controls after several regulatory scandals.

    Raising standards has been a major focus of Prince, who replaced Sanford Weill as chief executive in October 2003. Weill will retire as chairman at Citigroup's annual meeting on Tuesday, and Prince will replace him.

    Citigroup is installing 5,500 automated teller machines in 7-Eleven convenience stores, and recently set up an Internet banking site. While Citigroup plans to expand existing units, Prince said it will also search for "supplemental ... transactions that extend the franchise."
    Chapter 13 Filed 4/03/06 :blink: 341 Meeting Complete 5/11/06 :yes2:
    Plan Confirmation 6/16/06 :yahoo:
    Discharged: 1/5/2010 :yahoo::yahoo::yahoo::yahoo:

    #2
    well

    you might as well add my 17500 to it also

    chase will hate me for life car,credit cards mmmmmmmmm 70,000

    Comment


      #3

      Comment


        #4
        Add $22,738.89. from me.
        And I'd like to shove every cent of the 10% there gonna get of that total right up Chief Executive Charles Prince's ass.
        Tonka Truck

        Comment


          #5
          I'm not too worried about Chase, MBNA, BofA, Citi, or Amex not making there payroll this month because of us BK folks. If you really added things up, what I've paid them in the last 3 years in interest alone probably would have paid my entire debt. It is amazing that I spend so much in CC payments, and balances went no where. Then, you add they get about 1-5% for every transaction, damn....who are those guys fooling. Any money they get in the Chapter 13 payment will just be more gravy for there mashed potatoes.
          Chapter 13 Filed 4/03/06 :blink: 341 Meeting Complete 5/11/06 :yes2:
          Plan Confirmation 6/16/06 :yahoo:
          Discharged: 1/5/2010 :yahoo::yahoo::yahoo::yahoo:

          Comment


            #6
            I WIN!! So far that is.

            $30,000+ on Citi!!

            We had an AT&T MC with a $25K LOC, and Citi was the backer of our Sears card, to the tune of $7K.

            With all the whining and moaning the Banks were doing over the pre 10/17 BK filing rush, you'd a thought they were gonna loose tons of money.

            Can you imagine the profits if the law hadn't changed and there hadn't been that BK filing rush??!!
            Filed Ch 7 - 09/06
            Discharged - 12/2006
            Officially Declared No Asset - 03/2007
            Closed - 04/2007

            I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

            Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

            Comment


              #7
              Originally posted by SinkingFast
              I WIN!! So far that is.

              $30,000+ on Citi!!

              We had an AT&T MC with a $25K LOC, and Citi was the backer of our Sears card, to the tune of $7K.

              With all the whining and moaning the Banks were doing over the pre 10/17 BK filing rush, you'd a thought they were gonna loose tons of money.

              Can you imagine the profits if the law hadn't changed and there hadn't been that BK filing rush??!!
              SF, I doubt you'll be getting that Christmas Card this year from Citi While I definatly won't be one of there favorites, they still have my second mortgage and I'll be contributing to there profit line for years to come .
              Chapter 13 Filed 4/03/06 :blink: 341 Meeting Complete 5/11/06 :yes2:
              Plan Confirmation 6/16/06 :yahoo:
              Discharged: 1/5/2010 :yahoo::yahoo::yahoo::yahoo:

              Comment


                #8
                When we were driving to the grocery Saturday, we got stopped at a red light. Looking around, I saw this whole group of women walking from the back of a building out into the parking lot out front. Probably to their cars.

                What caught my eye was they were all wearing this funky color of blue top. It was bright and zingy in the sun. "What's with the blue shirts?", I said out loud. Daughter asked where, and I pointed them out. Daughter said it must be a "uniform" for work. They are Chase Bank employees. Then I saw the sign out at the road in the corner of the intersection.

                "Oh" I said, as I wilted in the seat a bit. Then daughter chimes in with, "Let me guess. We won't be opening a bank account there any time soon." NOPE.
                Filed Ch 7 - 09/06
                Discharged - 12/2006
                Officially Declared No Asset - 03/2007
                Closed - 04/2007

                I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

                Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

                Comment


                  #9
                  Chase to the tune of 60k(ouch not a happy tune)they certainly aren't happy when they call me. nobody's fault but my own though.

                  Comment


                    #10
                    Originally posted by GPFAY
                    Chase to the tune of 60k(ouch not a happy tune)they certainly aren't happy when they call me. nobody's fault but my own though.
                    Dang GPFAY, maybe that is why they haven't messed with me too much, they probably are all passed out on the floor when they looked at your statement.!!!
                    Chapter 13 Filed 4/03/06 :blink: 341 Meeting Complete 5/11/06 :yes2:
                    Plan Confirmation 6/16/06 :yahoo:
                    Discharged: 1/5/2010 :yahoo::yahoo::yahoo::yahoo:

                    Comment


                      #11
                      Well, I'm hanging my head in shame. I popped Citi for only about $2500. Now, If ya wanta talk Cap 1 and Chase??? Let's just say Cap1 got "capped" and Chase quit chasing.

                      Comment


                        #12
                        Originally posted by keepmine
                        Well, I'm hanging my head in shame. I popped Citi for only about $2500. Now, If ya wanta talk Cap 1 and Chase??? Let's just say Cap1 got "capped" and Chase quit chasing.
                        I just pulled my credit report up and Chase is reporting all accounts which I used heavily for cash advances when I had a gambling problem as "PP", included in chapter 13 payment plan. I have another chase account which I did balance transfers on I'm guessing 2 years ago that still shows open and current. I hope they didn't forget that account!
                        Chapter 13 Filed 4/03/06 :blink: 341 Meeting Complete 5/11/06 :yes2:
                        Plan Confirmation 6/16/06 :yahoo:
                        Discharged: 1/5/2010 :yahoo::yahoo::yahoo::yahoo:

                        Comment


                          #13
                          aao647,
                          Be sure to check and make sure that debt was discharged in the BK!!!!!

                          If so dispute the credit bureau on that balance.......... and accout open.....
                          Minny

                          "It's amazing the paths that our feet sometimes follow in life".

                          My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.

                          Comment


                            #14
                            I have not received any bills from Chase since I filed BK (except a couple that were already in the mail when I filed) so I am assuming they have the information on all the accounts. They just seem slow to update the credit report.

                            ALso, 1/2 my account show zero balance now (well more than half) and there are still ones that are showing a balance, but with the PP on there. Should the balance read as zero for those accounts?
                            Chapter 13 Filed 4/03/06 :blink: 341 Meeting Complete 5/11/06 :yes2:
                            Plan Confirmation 6/16/06 :yahoo:
                            Discharged: 1/5/2010 :yahoo::yahoo::yahoo::yahoo:

                            Comment


                              #15
                              Banks win 4 ways

                              Did you all know that the banks make money 4 ways on a credit card account that's in default. First of all when the account is opened, they monetize or fractionalize the credit line and turn it into 10-15 times the face value. Then when the account holder defaults, they charge off the balance, collect from their insurance, take a tax write off, and then sell the account to a collection agency. And all this even when they've never put up the money for the account in the first place.

                              Also, did you know that people who pay their accounts in full every month are considered "dead beats" because the bank doesn't make any money off them. They are interested in only little people who can't afford to do any more than make minimum monthly payments.

                              What a racket!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

                              Comment

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