Citi Risk Tumbles By Half On Bailout News

24 Nov 2008

Credit default swaps on Citigroup plunged 250 basis points to 250 bps on the announcement the federal government will guarantee some USD306 billion of the bank’s troubled mortgages and assets.

Credit default swaps on Citigroup plunged 250 basis points to 250 bps on the announcement the federal government will guarantee some USD306 billion of the bank’s troubled mortgages and assets. Under the terms of the deal, Citi will receive an additional injection of USD20 billion on top of ...

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