Big trouble down at Park Avenue this week, as the New York Post discovered that Citigroup was about to spend $50 million on a new Corporate Jet.
Hundreds blogged, reported, commented and threw rocks at 399 Park Avenue, Citi's Head Office, until 24 hours later they announced the deal had been cancelled.
What they didn't say is that the bank had already signed the delivery note and paid the invoice.
Shouts of "f**k, f**k, f**k, F**K" could be heard throughout Manhattan as, in scenes eerily reminiscent of the recent US Airways river landing, the jet was just chucked into the Hudson River by senior members of the bank's staff.
Unfortunately, it means they now have to foot the bill for both the jet and the rescue operation.
Whoops.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
