“Intraday Trading”

Of course, Citigroup remains the largest US bank in assets terms, with $1.75 trillion (on September 30), followed by Bank of America, with $1.45 trillion. This puts the spotlight firmly on both the banks’ top men: while Bank of America has gained hugely from acquisitions carried out by Chief Executive Kenneth Lewis (for instance, FleetBoston Financial in 2004 and credit card issuer MBNA in January this year), Citigroup CEO Charles Prince has been too busy addressing legal and ethical problems at the bank. Though during the ‘intraday trading in August, Bank of America surpassed Citigroup in market value by a small margin, Citigroup soon bounced back. Let’s see how the banking pattern falls into place now.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative