The Banking and Strategy Initiative

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U.S. Government bails out Citigroup

U.S. Government bails out Citigroup(00:56) ReportNov. 24 – The ailing American bank is widely seen as too big to be allowed to go bust, despite losing nearly all of its value.The U.S. government is to inject a further $20 billion into Citigroup and cover $306 billion of the bank’s high risk assets.Benet Allen reports.

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2 comments on “U.S. Government bails out Citigroup

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    October 10, 2011

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This entry was posted on November 24, 2008 by in Financial Markets.


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