Citigroup (C) To Raise $11 Billion?
from 24/7 Wall St.,
2 months ago
Citigroup (C) may be looking at another $7 billion in write-offs and will probably have to raise $11 billion in new capital. If Morgan Stanley's analysis about the big bank is right, Citi shareholders could face significant distribution. Citi could sell assets to bring in the capital, but, in theory, that should kill share value, too.
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