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Pandit's `Near Death' Cash Hoard Signals Lower Profits Ahead at U.S. Banks

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DON'T GO TO THE LIGHT, VIKRAM!
"Citigroup Inc. and JPMorgan Chase & Co. are hoarding cash as if another crisis were on the way," according to Bloomberg. "Citigroup has almost doubled its cash to $244.2 billion in the year since Lehman Brothers Holdings Inc. filed for bankruptcy, the biggest such stockpile of any U.S. bank."
SOURCE:   Bloomberg

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