Summary
THE US government was last night preparing a fresh bailout of Citigroup, potentially handing control of the stricken bank to taxpayers.
The mooted rescue plan would see Washington seize 40pc of the embattled company, which has run up losses of over Pounds 60bn during the credit crisis.See the full content of this document
Extract
Washington Comes to Aid of Ailing Bank
Although some way short of outright nationalisation, the latest attempt to shore up Citigroup gives Washington unparalleled cont...
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