« Demand for Electronic Signatures Fuels Strong Growth for DocuSign in 2007 | Main | Washington Mutual ups stock offering »
December 14, 2007
Citigroup says it will absorb SIV assets
Citigroup said late Thursday that it will take $49 billion worth of assets from several investment entities that have been damaged by the subprime mortgage meltdown and add that to its own balance sheet - a move that could cut deeply into the Wall Street giant's capital base.
Posted by S. Germain at December 14, 2007 08:19 AM