10Q clue to Citigroup’s financial headache (Financial Times)
Story date: 2007-11-07 03:12:09
Added on: 2007-11-08 05:01:22
When Citigroup announced – hot on the heels of Chuck Prince’s departure as chairman and chief executive – additional writedowns of up to $11bn related to subprime mortgages, the most surprising thing was that many of the losses were on $43bn worth of off-balance-sheet exposures.
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