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April 15, 2007
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For Citigroup?s New Head, Focus Is Subprime Tangle
Wed, 07 Nov 2007 05:19:51 GMT | New York Times
Robert E. Rubin, who was named Citigroup?s chairman after the departure of Charles O. Prince III, has moved quickly to deal with the turmoil that has engulfed the banking giant.
Citigroup creates sub-prime salvage team
| Findory News
The Independent: Citigroup has set up an internal team of bankers, led by Richard Stuckey, to try to unwind its exposure to $43bn worth of securities related to sub-prime American home loans.
For Citigroup’s New Head, Focus Is Subprime Tangle
| Findory News
New York Times: Robert E. Rubin, who was named Citigroup’s chairman after the departure of Charles O. Prince III, has moved quickly to deal with the turmoil that has engulfed the banking giant.
For Citigroup’s New Head, Focus Is Subprime Tangle
| Findory News
New York Times: Robert E. Rubin, who was named Citigroup’s chairman after the departure of Charles O. Prince III, has moved quickly to deal with the turmoil that has engulfed the banking giant.
Examining Citigroup's capital shortage (at Fortune)
Wed, 7 Nov 2007 17:31:00 Etc/GMT | Yahoo! Finance
Some analysts think Citigroup needs to take strong medicine - like a dividend cut - or risk further stock erosion. Fortune's Peter Eavis looks at the books.
Citigroup Sued Over Mortgage Losses (AP)
Wed, 7 Nov 2007 21:41:38 Etc/GMT | Yahoo! Finance
Citigroup Inc., former CEO Charles Prince and other executives were sued in federal court Wednesday over losses related to the bank's subprime mortgage-backed securities portfolio.
Citigroup turns dodgy about subprime crisis
Thu, 08 Nov 2007 15:43:00 GMT | Business Standard
Citigroup Inc. says it isn't sure how much its subprime-related assets have fallen in value this quarter. Maybe it's $8 billion. Maybe it's $11 billion. On one point, though, Citigroup isn't budging:
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