Tag: Citi Group

Citigroup gets economical support from US government

Citigroup has got US government support of $326 billion, which is roughly equivalent to one-third of the Indian economy. Citi has received US government guarantees of $306 billion, a cover that will help it sell the sticky assets and irrecoverable mortgages on its books, and a $20-billion cash infusion from the US Treasury, which is […]