Citi $900m payment fiasco - effect on summer analyst conversion?

What does everyone here think this will mean for the 2020 SAs? The guarantee was made of an offer subject to "minimum requirements", and Citi are probably looking long term wrt this, so would assume it would have no effect. Would be interesting to know opinions on here though.

8 Comments
 

The thing I wonder with this is just how many people fucked up. Every bank has a legion of support staff for large loans and internal controls should have been set off by the transaction size. Surely multiple people had to say yes for this to go through.

 

Correct. Got an email the other day that my return offer has been rescinded

 

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