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.

No comments: