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No Quick Escape for Citigroup.

Authors :
Steverman, Ben
Source :
BusinessWeek Online; 10/16/2007, p5-5, 1p
Publication Year :
2007

Abstract

The article reports on the multibillion-dollar commercial paper rescue plan formed by Citigroup with JPMorgan Chase and Bank of America. The main beneficiary of the rescue plan, reportedly organized but not funded by the federal government, may be Citigroup. The list of problems for Citigroup, analysts and investors say, starts with the damage done this quarter by problems on credit markets, especially in mortgage-backed debt.

Details

Language :
English
ISSN :
2162657X
Database :
Complementary Index
Journal :
BusinessWeek Online
Publication Type :
Periodical
Accession number :
27129280