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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: geode00 who wrote (190135)3/12/2009 9:48:17 PM
From: stockman_scottRead Replies (2) of 306849
 
Citigroup Says More Government Capital Not Needed, Reuters Says

By Dave McCombs

March 13 (Bloomberg) -- Citigroup Inc. Chairman Richard Parsons said the bank doesn’t need more capital from the government and wasn’t likely to be nationalized, Reuters reported, citing its interview with Parsons.

“Citi is actually one of the better capitalized banks in the world,” Parsons said on the sidelines of a Business Roundtable event where President Barack Obama spoke, according to the report.

Last Updated: March 12, 2009 20:54 EDT
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