Citi May Record A $8 Bln CDO Write-Down in Q3

29 Jul 2008

Analysts say Citigroupmay write down as much as $8 billion of the value of its collateralized debt obligations after Merrill Lynch repriced its own CDOs. Mike Mayo, an analyst at Deutsche Bank, noted that Citi is valuing its CDO at 53 cents on the dollar, while Merrill ...

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