Citi Rescue Cost Rides on Jobless Rate

November 2009
American Banker;11/10/2009, Vol. 174 Issue 203, p16
Trade Publication
The article discusses Citigroup Inc. and government guarantees. Citigroup was given $301 billion in government guaranteed loans and securities, however, unemployment has risen to 10.2% and, according to the Federal Reserve Bank of New York, the U.S. Treasury Department will be paying some $3.96 billion on those guarantees.


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