Citi financing its $12 bln sale of loans: source

Posted by on April 9th, 2008 at 04:20pm

Taegan Goddard’s Political Wire wrote an interesting post today on
Here’s a quick excerpt
Citi financing its $12 bln sale of loans: source April 10th, 2008 By Dan Wilchins- Analysis NEW YORK (Reuters) - Citigroup Inc’s (C.N: Quote, Profile, Research) plan to sell $12 billion of loans and bonds made to private equity firms is seen as a positive for the bank and the loan market, but the deal will leave the largest U.S. bank with exposure to those private equity firms even after the sale. That’s because Citi is financing much of the sale itself, according to a person familiar with t

Read the rest of this great post here

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