Bidders Worry Over CitiFinancial’s Debt

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.

  • 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. 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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1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%