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Happy Thanksgiving, Citigroup

Started by Joelle, November 27, 2008, 01:08:13 PM

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Joelle

Happy Thanksgiving, Citigroup
      


Thanksgiving has come early for embattled Citigroup. The second-largest U.S. bank by assets received a pardon of sorts from the government late on Sunday, getting a $20 billion lifeline – the biggest bank bailout yet.
The bank had been widely thought to be too big to fail because of its global reach. Chief Executive Vikram Pandit [...]
         

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