Tuesday, 2 October 2007

Citibank writedown not a one-off - Dick Bove

Dick Bove of Punk Ziegel has been ahead of the curve with his bearish call on the major banks and brokers. In this Bloomberg Interview Bove claims that Citibank's 3Q07 write-down will more than likely not be a one-off as the value of certain assets still cannot be accurately determined. A problem which will continue to plague the financial sector in the fourth quarter. Click on the image to hear the interview.