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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 837 |
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This could have put them at a disadvantage.
During the Tequila period Confia was also hit very hard. They ended up losing all of their shareholders equity. This is a major weakness for Confia. Not only were business effected by this crisis but individuals were as well. This means the people have less money to invest into banks and different financial services...
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This means the people have less money to invest into banks and different financial services.
Threats
Citibank's major competitors are other large banks such as, Barclays, Lloyds, Bank of Nova Scotia and Royal Bank of Canada. The "Tequila Crisis" is also a major threat because it lowered the value of the peso...
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