The WSJ has a quick financial breakdown of Citi’s current losses and liabilities. I think they are in for a pretty interesting ride in the next few days/week.
My favorite highlight:
“$800 million – The price that Citigroup paid to acquire Old Lane, Vikram Pandit’s hedge fund.
$165.2 million -What Vikram Pandit earned from the sale.
$202 million – [Writedown before closing the fund]“
This may also be of interest, since Citi probably isn’t the only bank that has stakes in SIV’s.
Citi ends SIV foray as last $17.4bn is returned