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Updated about 16 years ago,

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1,270
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316
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Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
316
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1,270
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Citigroup May Get Government Rescue, Investors Say

Jeff Tumbarello
Pro Member
  • Real Estate Broker
  • Fort Myers, FL
Posted

Citigroup May Get Government Rescue, Investors Say

Nov. 21 (Bloomberg) -- Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said.

Citigroup has more than $2 trillion of assets, dwarfing companies such as American International Group Inc. that got U.S. support this year. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke may favor a rescue to avoid the chaotic aftermath of Lehman Brothers Holdings Inc.

  • Jeff Tumbarello