Dividends
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Dividends and Poker
When playing poker you receive rakeback from the poker
rooms. Meaning part of the poker room earnings go back to the players. Rakeback is a dividend from the poker room to the
player as a loyalty bonus for playing with them.
Citigroup (C) Could Write-Off Up to $24B, Raise More Capital
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CNBC is reporting at its website that Citigroup (NYSE: C) could write-off up to $24 billion, related to subprime and CDOs, and lay off 20,000 workers. Citigroup is also reportedly considering a dividend cut.
Citi is also expected to raise up to $15 billion from various foreign entities including Saudi Arabian Prince Alwaleed bin Talal.
The plan is expected to be unveiled on Tuesday when Citi reports fourth quarter results.
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