Monday, November 24, 2008

Citigroup's

Citibank Group was once the largest bank in the US and now it is in vast financial trouble. They are asking the government to bail them out of their trouble. The government has agreed and intends to invest 20 billion dollars in the company. The good thing about this is that the government will have control over executive bonuses and limits on dividend payments. This deal is the latest in several bail outs the governments has attempted lately.

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