Peter Pays Paul

Inside commercial hard money lending.

20 Nov

Signs of the Times: Citigroup considering selling itself

Category: Credit Crisis

SAN FRANCISCO (MarketWatch) — Citigroup Inc. is considering auctioning off parts of the firm or selling the company outright, according to a media report late Thursday. The online edition of The Wall Street Journal, citing unnamed sources, reported that Citigroup executives are in preliminary stages of discussing a possible sale. The report said that the company’s management is still insisting that it has ample capital and a sound strategic direction, though its shares fell a further 26% Thursday.

Citigroup considering selling itself: WSJ – MarketWatch.

Here is the link to the article at WSJ.com if you have access. Citi Weighs Its Options, Including Firm’s Sale

(HT: Tom Vanderwell)

Tags: Credit Crisis


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Posted Thursday, November 20th, 2008 at 9:02 pm
Filed Under Category: Credit Crisis
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