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Topics: Economy

Wednesday, 6 May 2009

image for Suprise outcome of US Stress Tests as Citigroup shown to have far too much money

A pleasant surprise hit Citibank today as the bank which had been considered in "a shocking amount of trouble" was said to have far too much capital.

The US stress tests were designed to identify which American banks have too little capital to weather various degrees of economic hardships over the next 2 to 3 years.

However following some recent surprise capital injections the Citigroup banking giant has been deemed to have far too much money for its own good.

The April shock discovery by CEO Vikram Pandeet of the long lost secret of Alchemy has been a large part of the capital growth in the bank so far in Q2.

Since his discovery of the secret art, Pandeet has been busy locked away in the Citibank vaults converting lead into solid gold. Not only has he made enough to absolve the bank of any "toxic assets" the bank bought Microsoft in early May as part of a new "diversification" plan.

Furthermore, the project led by the bank's Chief Financial Officer and famed adventurer Gary Crittenden, to locate "King Solomon's Goldmines" saw a further notable injection of capital.

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