Asian traders launch Citi rumor

BlueHorseshoe · Jan 22, 2008

Citi Bankruptcy Rumours - The Truth

Rumours hit the Here Is The City news desk this morning that Citi was likely to file for Chapter 11 bankruptcy imminently, after Middle-Eastern investors, specifically the Abu Dhabi Investment Authority, had allegedly pulled its $7.5bn investment in the company.

The implications of Citi filing for Chapter 11 are clearly huge, and the rumour mill is currently working overtime ...

http://news.hereisthecity.com/news/business_news/7479.cntns

Bigpipn · Jan 22, 2008

Quote from BlueHorseshoe:

Citi Bankruptcy Rumours - The Truth

Rumours hit the Here Is The City news desk this morning that Citi was likely to file for Chapter 11 bankruptcy imminently, after Middle-Eastern investors, specifically the Abu Dhabi Investment Authority, had allegedly pulled its $7.5bn investment in the company.

The implications of Citi filing for Chapter 11 are clearly huge, and the rumour mill is currently working overtime ...

http://news.hereisthecity.com/news/business_news/7479.cntns

OMG.. crank up the house music, hit it DJ!!

dtan1e · Jan 22, 2008

i think someone will come in to bail them out just like in northern rock

Ivanovich · Jan 22, 2008

Considering how often they fuck up my mortgage payment application, I'm not surprised.

S2007S · Jan 22, 2008

ch 11 on citi would probably sink the dow to 10,000 in a matter of a hours.......

blackjack007 · Jan 22, 2008

did any of you even bother to read the article?? jesus

it's a bogus rumor.

Bigpipn · Jan 22, 2008

Don't you know to sell the news and buy the rumor!?!?

JRworldwide · Jan 22, 2008

Citi to Exceed Targeted Capital Ratios Pro Forma for Fourth Quarter 2007; Nearly $30 Billion of Capital Raised or Priced Over Last 2 Months

ratboy88 · Jan 22, 2008

Quote from Bigpipn:

OMG.. crank up the house music, hit it DJ!!