billion writedown on CDOs and subprime mortgages. Shares of Citi were down . Monday morning after earlier setting yet another week low. Investors have heard that one before. Citi reported a mere . billion of subprime and CDO writedowns back on Oct. when the firm announced a decline in third quarter earnings. Still Citi said the writedowns come against a portfolio that totals a staggering billion in U. subprime direct exposure . billion in lending and structuring exposure and billion in CDOs. Merrill pegged its remaining subprime exposure at billion half of Citi s. Investors are now keeping an eye on other securities firms for exposure to bad paper. Write us Order reprints of TSC articles.
Source: http://www.thestreet.com/s/citi-shakeup-fails-to-register/newsanalysis/businessinsurance/10388073.html?puc=_dm
Another site recomended to review: christmas trees ( http://artifi! cial-christmas-trees.freehostia.com/ )
I haven't been up to anything recently. Pfft. I've more or less been doing nothing to speak of. I just don't have anything to say these days.
Feel free to read: christmas trees ( http://christmas-tree-shop.freehostia.com/ )
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment