The Citigroup, the second largest bank in the United States had to be saved. The American government injected 16 billion in capital and the bank has also taken a record total of 241 billion euros to cover losses in the institution's assets at risk. A major operation to prevent the collapse of another large bank victim of the financial crisis.
The government even before the U.S. had made a further capital injection of Citigroup, worth 18 billion euros.
Citigroup sees itself as the role of a real drain on cash. Prevent the collapse of the institution already cost about half of the funds allocated by Paulson plan to redeem all the American industry from the grip of financial crisis.
The plan to rescue of Citigroup was announced less than a week after the bank has cut 75 million jobs. Last week the shares of Citigroup devalued 60% in stock market.
Citigroup has operations in over 100 countries and is the bank with whom John will be tenant agreed a loan application that requires the endorsement of the state to save the Portuguese Private Bank.
The government even before the U.S. had made a further capital injection of Citigroup, worth 18 billion euros.
Citigroup sees itself as the role of a real drain on cash. Prevent the collapse of the institution already cost about half of the funds allocated by Paulson plan to redeem all the American industry from the grip of financial crisis.
The plan to rescue of Citigroup was announced less than a week after the bank has cut 75 million jobs. Last week the shares of Citigroup devalued 60% in stock market.
Citigroup has operations in over 100 countries and is the bank with whom John will be tenant agreed a loan application that requires the endorsement of the state to save the Portuguese Private Bank.
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