CITIはどこに行くのか？

存在感を欠くCITI（フォーブス誌）

Financial Services
Where's Citi?
Liz Moyer, 05.17.06, 12:00 PM ET

CITIは今や総資産で世界最大の銀行ですが、米国での存在感は最近とみに薄れているようです・・・・・。

（前略）　After the Golden West-Wachovia deal was announced, some analysts began wondering whether Citi's deal-making engines would turn back on and reclaim the lost ground. The Federal Reserve recently lifted a moratorium on Citi's doing big deals (it had told Citi to hold off on major transactions while it shored up internal controls).

Many analysts put Citi in a deal with Washington Mutual, the largest U.S. thrift. Such a combination would bring it 2,600 retail locations from coast to coast, a sizable credit card operation and a mortgage business that underwrote some $200 billion in loans last year.

Some others see it in a big credit card transaction. Though Morgan Stanley Chief Executive John Mack has stated his commitment to the cards business, Discover Financial Services could be a good fit with Citi, says David Robertson, publisher of the Nilson Report. (Discover was the only other card issuer to lose share last year.)

Discover, with $44 billion in receivables, would lift Citi, which has $111 billion, past Bank of America's $149 billion, Robertson says. More important, Discover has a merchant network that competes with MasterCard and Visa, and Citi might view that as an opportunity to jump into that business in a big way. Such a move would preempt Bank of America, which has talked in recent weeks about building its own merchant network.　（後略）

独断的コメント：

我が国では色々お騒がせのCITIですが、米国でも精彩を欠くようです。コーポレート・ファイナンスでは最早インベストメント・バンクに対抗できなくなった商業銀行は、リテール業務に注力しているはずですが、CITIはその中核分野で順位を落としています。カード業務では全米第３位、住宅ローンでは第６位、支店網では第５位で首位のBOAの６分の一しかありません。海外では積極的に買収を行っているので、米国から逃げ出しているのかと皮肉られています。

更に興味のある方は、　　　　　　↓

http://www.forbes.com/2006/05/17/citi-banking-mergers-mojo-cx_lm_0517citi_print.html

Fair use notice 

This Blog News contains copyrighted material the use of which

has not always been specifically authorized by the copyright

owner.

The material is being made available for purposes of education

and discussion in order to better understand the complex

nature of businesses in today's world.

We believe this constitutes a "fair use" of any such copyrighted

material as provided for in relevant national laws.

The material is distributed without profit to those who have

expressed an interest in receiving the included information for

research and educational purposes.

If you wish to use copyrighted material from this site for purposes

of your own that go beyond "fair use", you must obtain permission

from the copyright owner.

We cannot guarantee that the information contained in this Blog

News is complete and correct or be liable for any loss incurred

as a result of its use.

Nor can we be responsible for any subsequent use of the material.