Citi to pay $7B to investors

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Aug. 7 - Citigroup agreed to buy back more than $7 billion of illiquid auction-rate securities in a deal worked out with regulators, which could set settlement standards for other Wall Street firms. Conway Gittens reports from New York.

Channel: News & Politics
Uploaded: August 7, 2008 at 4:38 pm
Author: ReutersVideo

Length: 0:01:59
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Tags: business close reuters

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ReliableInsider (Friday 8th of August 2008 06:38:36 AM)
AIG lost 18% of its value in one day? That can't be good.