Citi to Open Office in Iraq
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    Citi to Open Office in Iraq

    Citi to Open Office in Iraq: Iraq continues to experience outbursts of violence, but that's not stopping Citigroup from opening an office in Baghdad—the first U.S. bank to have a physical presence there. The Citi executive tapped to run the office, Dennis Flannery, hopes "some of the political and security issues might be abated" in Iraq, the Journal reported. Both the FT and the Journal note Iraq's oil riches and the allure for banks; Citi projects Iraq to become a $2 trillion economy by 2050, the FT says. Wall Street Journal, Financial Times

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    With the advent of this opening I smell something of an RV coming to a theater near you...

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