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CITI MAY HAVE A NEW MESS ON ITS HANDS.

Authors :
Henry, David
Goldstein, Matthew
Source :
BusinessWeek; 11/12/2007, Issue 4058, p32-36, 4p
Publication Year :
2007

Abstract

The article discusses the effect of the subprime mortgage crisis of 2007 on Citigroup Inc., which has $1.6 billion in debt investments. The company has financing commitments to about a dozen collateralized debt obligations and agreed to cover 90 percent of the financing if the commercial paper market faltered. INSET: HOW A BEAR STEARNS CDO COULD HURT CITIGROUP.

Details

Language :
English
ISSN :
00077135
Issue :
4058
Database :
Complementary Index
Journal :
BusinessWeek
Publication Type :
Periodical
Accession number :
27363434