Monday, January 14, 2008
Citigroup's Deal With China Development Bank May Be in Jeopardy
Citigroup Inc.'s plans to raise capital by selling a stake of about $2 billion to China Development Bank could be in jeopardy because of opposition from China's government, according to a person familiar with the situation. Citigroup is hoping to announce a capital injection from investors when it reports fourth-quarter earnings Tuesday.
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