Citigroup is getting a big dose of government handout because of its portfolio of toxic debt. $306 billion worth.
Citigroup is going to dump a bunch of its crappy assets but one category it wants to hold on tight to is its emerging marketsassets.
“Our emerging markets franchise is the core of the company. We have a clear strategy to develop our business with aprimary focus on emerging markets, and that means Asia, the Middle East and Latin America.”
- IMF expects emerging markets to grow The International MonetaryFund is forecasting that emerging market economies will account for 100% of the world’s entire projected 2.2%growth in...
- South American companies fret over China China has been doing much business with Latin America(primarily selling natural resources) it companies are more worried about a China...
- Hong Kong depositos withdraw money in droves Depositors at the Bank of East Asia lined up for hours to withdraw their money. Iwouldn’t characterize it as a...
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