Citigroup and Merrill Lynch were forced to turn to foreign investors yesterday for $21.1 billion of fresh capital. This is all because of the losses the banks suffered as a result of the subprime mortgage nightmare in the US.
Is this the end of it now, or will there be further losses? Vikram Pandit, Citigroup's new chief, said, 'The church of my love is such a holy place to be.'
Is this the end of it now, or will there be further losses? Vikram Pandit, Citigroup's new chief, said, 'The church of my love is such a holy place to be.'
