"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) -
(Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)
.
KPK to Give New Ministers Transparency Training

The headquarters of the Corruption Eradication Commission (KPK) in 
Jakarta. (BeritaSatu Photo)
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, November 20, 2008

Citi to use scalpel not axe in trimming Asia units

By Tony Munroe and Saeed Azhar, Thu Nov 20, 2008 5:54am EST  

HONG KONG/SINGAPORE (Reuters) - Citigroup (C.N: Quote, Profile, Research, Stock Buzz) is scrambling to slash costs in the face of collapsing investor confidence, but the embattled bank is unlikely to retreat from Asia, its strongest performing region. 

Citi is axing 52,000 jobs worldwide and cutting costs by a fifth, but will be reluctant to give up any of its hard won presence in a region where it rivals HSBC Holdings (HSBA.L: Quote, Profile, Research, Stock Buzz) (0005.HK: Quote, Profile, Research, Stock Buzz) and Standard Chartered Plc (STAN.L: Quote, Profile, Research, Stock Buzz) (2888.HK: Quote, Profile, Research, Stock Buzz). 

It is, however, expected to shed staff in Asian units such as investment banking, where dealmaking has dried up, but cuts are likely to be less deep than in the United States and Europe. 

"If they do sell Asian assets they lose a major long-term growth platform. Why would they want to do that?" said David Lum, analyst at Daiwa Institute of Research. "It's certainly a cleaner operation and has been a high growth market for them." 

While Citigroup as a whole lost $2.8 billion in its third quarter -- its fourth quarterly loss in a row -- its Asia business earned $695 million, down just 14 percent. 

Asia quarterly revenue dipped 7 percent to $4.47 billion, compared with a 42 percent drop in North America and 23 percent across the bank, but is up slightly on the year. 

"I want to emphasize that we are changing the way we operate and not pulling back from our clients or our franchise," Ajay Banga, Citigroup's Asia-Pacific chief, said in a note to employees this week obtained by Reuters. 

"As we move forward, we will need to invest in opportunities and continue to hire in high-growth areas," he said. 

Citigroup has around 55,000 staff in Asia, including Japan. 

BRIGHTER SPOT 

Asia has been a comparative bright spot in dismal times for a bank that not long ago was the world's most valuable financial firm. With its shares down 33 percent this week, Citigroup was overtaken by U.S. Bancorp (USB.N: Quote, Profile, Research, Stock Buzz) as the fourth-largest U.S. bank by market value. 

"Citibank are hugely successful and hugely well-positioned in Asia," said Roman Scott, managing director of Calamander Capital in Singapore. 

The problem, he said, is that Citigroup has been damaged globally by aggressively selling securities and structured products that were manufactured by its investment banking operation and have soured in the market downturn. 

"They are their own worst enemy," he said. "HSBC and Standard Chartered will gain market share at their expense because this stuff filtered down to even ordinary customers." 

While Asia has been dragged down by the global slowdown, it is still a growth market and is expected by many to emerge from the downturn more quickly than the United States or Europe. 

Citigroup has been looking to shed assets, and earlier this year offloaded its German business. Last month, it agreed to sell its back-office business in India for $505 million, although that unit is a global operation. 

Otherwise, Asian holdings are seen as last on Citigroup's for-sale list. 

One analyst in Asia, who declined to be identified, said Citigroup is not in the same boat as insurer AIG (AIG.N: Quote, Profile, Research, Stock Buzz), which is unloading assets and shopping around its prized Asia business. 

"For AIG, the case is very obvious; they have to offload assets. In the case of Citigroup the Tier-1 (capital) is still high enough to avoid asset sales in Asia," the analyst said. 

BUMPS IN THE ROAD 

For its success, Citigroup's build-out across Asia has not been without hiccups. 

In India, it is battling a deterioration in consumer credit quality. On Thursday, the bank's South Asia CEO, Sanjay Nayar, left to join private equity firm Kohlberg Kravis Roberts & Co KKR.UL. 

Citigroup (8710.T: Quote, Profile, Research, Stock Buzz) has also slowed its aggressive expansion streak in Japan, where last year it paid about $8 billion for a majority stake in brokerage Nikko Cordial Securities. 

That deal marked its largest acquisition in Asia and its biggest under ex-CEO Chuck Prince, and the bank later paid $4.6 billion more for full control of the brokerage. 

Last month, however, the Nikkei newspaper said Citi will delay a planned merger of two of its Japanese units to temporarily avoid integration costs. In June, the bank said it would all but close its consumer lending business in Japan. 

(Additional reporting by David Dolan in TOKYO, Editing by Ian Geoghegan)


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