Jump to content
House Price Crash Forum

Citigroup In $1bn Bail-out Of Six Funds

Recommended Posts

Citigroup has been forced to launch a $1bn bail-out of six internal hedge funds hit by the turmoil in municipal bonds – the latest victims of the turbulence in the once-safe market for local authorities’ debt.

The move to inject $600m, and pledge a further $400m, to shore up the funds, which had capital of $2bn and total assets of about $15bn, is a further sign of Citigroup’s ongoing difficulties in dealing with the credit squeeze

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.