TITLE

Citi to Raise $3B for Fund Categories Facing a Ban

PUB. DATE
June 2010
SOURCE
American Banker;6/21/2010, Vol. 175 Issue 94, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the financial services company Citigroup Inc. intends to raise more than $3 billion for its own private-equity and hedge funds, even as a U.S. Congressional committee works on legislation that could bar banks from owning such funds. Professor Steven Kaplan notes that Citigroup has to position itself for the future, regardless of the outcome of legislation.
ACCESSION #
51540103

 

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