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2008-02-13 — reuters.com
The facility, if tapped, would provide additional capital should the market value of junior notes in the SIVs approach zero, Citigroup spokesman Jon Diat said in a statement. Citigroup in December brought $49 billion of SIVs onto its balance sheet, after a lack of investor demand derailed an attempt to create a "super-SIV" to help sell those securities. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |