[Pounds]13.3billion Loss Threat Could See Collapse of Banking Giant

Summary

---

BANKING giant Citigroup could collapse under a wave of sub-prime losses totalling [pounds]13.3billion, financial experts warned yesterday.

It is one of the world's biggest banks, with 10,000 employees in Britain, but analysts fear it may not have enough cash to withstand the total losses they expect it to suffer next year.

See the full content of this document

Extract

---

[Pounds]13.3billion Loss Threat Could See Collapse of Banking Giant

Concerns about its future saw the bank's shares plummet 20 per cent shortly after trading opened on Wall Street yesterday....

See the full content of this document

---