Sunday, January 18, 2009
Restructuring of CITI
Citi gropu posted a qauarterly loss of around 8 Bilion dollars......on account of high risk securities and abad loans...Citi has taken diecision to split its business into tw o gropus.....Citiholdings and CitiCorp...Citi holdings will take care of riskier business while citicorp would be taking care of Banking.....
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