if you want to buy a bank now

If you want to buy a bank now, what should you buy? First name come to my mind is citigroup. I know people would say about the problems it has - massive write down and leadership problem. But, that's the time you can pick up a financial group cheaply, isn't it? They have a strong franchise some more.

The capital base was weaken by the recent write down. Today, it announces the capital injection by Abu Dhabi fund. It proves that people have confidence in the brand.

Recall when Amex had the trouble and Warren Buffett went in to buy the company. Because they have strong franchise and it present a rare opportunity to buy cheaply. I think the situation is similar here. Of course, you need to have holding power for the counter for long term. When the financial market sorts itself out, it would come back.

Only pity thing is the stock is listed in US. Not convenient to buy from Singapore. It might drop some more depends on the degree of problem. One can accumulate over different period. Do your own home work first!