Citigroup, AIG Dampen Wall Street's Optimism
Investors have been growing cautiously optimistic in recent days that the worst of the credit crisis is over. But now, there's fresh evidence that there's still trouble looming. The insurance giant AIG announced a huge loss related to bad mortgage debt, and Citigroup, the nation's largest bank, is going to sell off some $400 billion in assets as it seeks to become more efficient.
NPR.org – May 9, 2008 8:02 PM [GMT]
found in Top Stories
Investors have been growing cautiously optimistic in recent days that the worst of the credit crisis is over. But now, there's fresh evidence that there's still trouble looming. The insurance giant AIG announced a huge loss related to bad mortgage debt, and Citigroup, the nation's largest bank, is going to sell off some $400 billion in assets as it seeks to become more efficient.
NPR.org – May 9, 2008 8:02 PM [GMT]
found in Top Stories
0 comments
Profanity Filter Is OffNo comments have been posted to this article.
Add Your Comments
Become a news-spider.com member to comment on this article. It's free to join and only takes a minute. Once you're a member you can comment on articles, create a custom profile, customize your settings, build a friends network, and more.
Already a member? Sign In to add your comments.