To: umbra
Separately, Citigroup, the US's largest financial services group, on Thursday gave the first official assessment of its Enron losses when it took a $228m (£157m) charge against its fourth-quarter earnings. I don't believe that is all Citigroup is on the hook for.
To: razorback-bert
Poor Citigroup--NOT!! The Saudi Prince, is a big investor.
11 posted on
01/17/2002 6:19:55 PM PST by
TwoStep
To: razorback-bert
The question is.......who gave Citi-group the heads up......and how much of their debt was reshuffled so as NOT to appear on THEIR bottom line.........this entire affair stinks to high heaven.
To: razorback-bert
I don't believe that is all Citigroup is on the hook for. Yep, I understand it to be some 3 billion, not counting underwriting any other loans.
So at 228 mill / quarter they'll write off the whole mess in 14 quarters, or 3 & a half years of tax credits.
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