Friday, Dec 14, 2007
No worries mate...it's only $49bn
BBC: Citigroup to take on $49bn debts
"US bank Citigroup plans to bring $49bn (£24bn) in debt on to its balance sheet that did not previously appear there.
By taking control of seven structured investment vehicles (SIVs), it hopes to help the funds pay off debts without having to have a fire sale of assets".
Posted by alan @ 08:59 AM (201 views) Add Comment
1 Comment
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1. Hpwatcher said...
$49 billion?....no problem - take another!
*^&%*!