A Wachovia Bank sign is seen inside an ATM booth in New York's financial district, September 18, 2008. (Brendan McDermid/Reuters) Citigroup will absorb up to $42 billion of losses in the deal, with the FDIC covering any remaining losses, the government agency said Monday. Citigroup also will grant the FDIC $12 billion in preferred stock and warrants.
Another one bites the dust...
No comments:
Post a Comment