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No Quick Escape for Citigroup.
- 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.
- Subjects :
- COMMERCIAL paper issues
CORPORATE finance
MORTGAGE-backed securities
Subjects
Details
- Language :
- English
- ISSN :
- 2162657X
- Database :
- Complementary Index
- Journal :
- BusinessWeek Online
- Publication Type :
- Periodical
- Accession number :
- 27129280