Today, I attended the Citigroup annual meeting, as you can imagine, a very raucous affair. I thought readers may find it helpful to see a question that I posed to Richard (Dick) Parsons, the chairman of Citi. Much of the board of Citigroup has been in place for many years, and though management has started to slowly bring in some new board members (with actual banking experience) some of the "deadwood" remains. 
Share:  <span class="sent">Today, I attended the <span class="company">Citigroup</span> annual meeting, as you can imagine, a very raucous affair. I thought readers may find it helpful to see a question that I posed to Richard (Dick) Parsons, the chairman of Citi. </span> Much of the board of <span class="company">Citigroup</span> has been in place for many years, and though management has started to slowly bring in some new board members (with actual banking experience) some of the "deadwood" remains. Tweet this 

The global market is dominated by Diebold ( DBD ) and NCR ( NCR ) . Demand for self service solutions has been steady from the large national banks that have rolled out deposit automation and bulk checking products. Roughly two thirds of ATM demand is replacement driven. 
Share:  <span class="sent">The global market is dominated by Diebold ( DBD ) and <span class="company">NCR</span> ( <span class="company">NCR</span> ) . Demand for self service solutions has been steady from the large national banks that have rolled out deposit automation and bulk checking products. </span> Roughly two thirds of ATM demand is replacement driven. Tweet this 

Capital providers are the primary users of financial reporting. To accomplish the objective, financial reports should communicate information about an entity's economic resources, claims to those resources, and the transactions and other events and circumstances that change them. The degree to which that financial information is useful will depend on its qualitative characteristics.. Financial reporting information is a faithful representation if it depicts the substance of an economic phenomenon completely, neutrally, and without material error. 
Share:  Capital providers are the primary users of financial reporting. To accomplish the objective, financial reports should communicate information about an entity's economic resources, claims to those resources, and the transactions and other events and circumstances that change them. The degree to which that financial information is useful will depend on its qualitative characteristics.. Financial reporting information is a faithful representation if it depicts the substance of an economic phenomenon completely, neutrally, and without material error. Tweet this 

There is always some tracking error risk in that the return may differ slightly from the underlying index.. ETN holders have no tracking error risk but do need to concern themselves with the credit risk of the offeror .. With that intro, proviso, and warning, let's talk about the Ben Graham aspect of ETNs .. Deutsche Bank, a AA-/AA1 bank has issued as of early August, a new ETN whose return is linked to the performance of one of several Benjamin Graham Indices. These securities are senior unsecured obligations of Deutsche . To be clear, these securities are NOT principal protected. 
Share:  There is always some tracking error risk in that the return may differ slightly from the underlying index.. ETN holders have no tracking error risk but do need to concern themselves with the credit risk of the offeror .. With that intro, proviso, and warning, let's talk about the Ben Graham aspect of ETNs .. Deutsche Bank, a AA-/AA1 bank has issued as of early August, a new ETN whose return is linked to the performance of one of several Benjamin Graham Indices. These securities are senior unsecured obligations of Deutsche . To be clear, these securities are NOT principal protected. Tweet this