Bidders Worry Over CitiFinancial’s Debt

17 Jun 2011

Concern over CitiFinancial’s funding as an independent business appears to be holding up the sale of Citigroup’s consumer finance unit now known as OneFinancial.

Concern over CitiFinancial’s funding as an independent business appears to be holding up the sale of Citigroup’s consumer finance unit now known as OneFinancial. Sources said the three remaining bidders for the unit are waiting for reports from credit rating agencies, especially on whether OneFinancial’s loans can be ...

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