All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Prince won’t blame traders for Citi’s super-senior CDOs

Former top management at Citi testified before the US government’s Financial Crisis Inquiry Commission on Thursday, where they claimed they were not informed of the bank’s huge exposure to subprime mortgages through super senior CDO tranches until the autumn of 2007, shortly before Citi took multi-billion write-downs on the positions.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree