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Reuters: Citigroup may need more capital, Dubai says

Started by chris, March 04, 2008, 03:09:03 PM

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chris

Citigroup may need more capital, Dubai says
      


DUBAI/NEW YORK (Reuters) - Citigroup Inc , the largest U.S. bank, may need "a lot more money" from outside investors after billions of dollars of write-downs tied to subprime mortgages, the head of Gulf investment agency Dubai International Capital said.
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