Monday, January 28, 2008

Citigroup raises $12.5 billion in fresh capital

Citigroup raises $12.5 billion in fresh capital
AFP
AFP - Sunday, January 27 08:07 pm

NEW YORK (AFP) - Citigroup announced Tuesday it had raised 12.5 billion dollars (8.4 billion euros) of fresh capital, nearly seven billion of it from the government of Singapore, as it seeks to stem losses from the US housing crisis.

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